The euro rose today against the US dollar for the second day as the European leaders agreed on the mechanism to prevent the financial crises and as the business climate in Germany improved.
The European Central Bank said that it’d increase capital by â¬5 billion ($6.7 billion) to â¬10.76 billion by the end of this year. The Ifo Business Climate indicator rose from 109.3 in November to 109.9 in December, while the analysts predicted the small decline to 109.2.
EUR/USD rose from 1.3242 to 1.3332 as of 09:17 GMT today.
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