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Euro jumps vs dollar and yen, but may top soon

From reuters.com

The euro jumped to a 2-1/2-month high against the dollar and a multi-month high versus the yen on Thursday as solid data on Germany, Europe's biggest economy, offset a bleak economic forecast from the European Commission. The euro traded above its 100-day moving average on Thursday for the first time since late October after the Ifo think-tank reported that business sentiment in Germany rose for a fourth straight month in February, boosting optimism on the country's economy. The euro, however, retreated from the highs after the European Commission said the euro zone economy was heading into its second recession in ... (full story)

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