Monexnews-the Euro strengthened versus the U.s. Dollar after the ZEW sentiment index shows the data analysts and investors Germany surged to the highest level since April 2010 in February. However, the appreciation of the Euro still seems to be limited by worries ahead of the elections in Italy on 24-25 February, potentially hampering the country's reform efforts. Traders also seem wary of any expression of concern about the eurozone officials are strengthening of the currency, which can overload the Euro again.
"There is risk aversion to hold long position ahead of the election that Italy Euro has important consequences in Europe. The split and the uncertainties of coalition will impact very negatively for Euro/Dollar, "said Peter Frank, a forex analyst with BBVA. (vid)
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