New-found economic confidence may be growing in Europe


The euro maintained an impressive 11-month high against the dollar on Monday further attesting to building indicators that new-found economic confidence may growing in Europe

This sense of light at the end of the financial tunnel was further added to on Friday as data was released revealing that European banks are repaying their emergency loans at an unexpected rate in the wake of the European debt crisis.

This new sense of confidence was also emphasized by business morale in Germany being demonstrated to have risen for the third month running, reaching it’s highest in over six months.

The Yen fell to a new two and a half year low against the dollar on the back of rumors that Japan is to be introducing even further monetary easing policies.

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