European session: the euro rose

The euro strengthened to the highest level in three weeks versus the dollar after data showed German business confidence rose in November, boosting optimism that Europe’s biggest economy is weathering the region’s slowdown.

The 17-nation shared currency headed for a weekly gain versus most of its 16 major peers. It was poised to advance the most against the yen on speculation Europe’s policy makers will agree to keep aid flowing to Greece when they meet in three days’ time.

The Munich-based Ifo institute said its business climate index, based on a survey of 7,000 executives, climbed to 101.4 from 100 in October for its first gain in eight months. Economists predicted a drop to 99.5 according to the median of 48 forecasts in a survey.

Euro-region finance ministers will meet on Nov. 26 to discuss ways to unlock international loans for Greece and prevent it from dropping out of the shared currency. The nation has been negotiating with euro-area politicians and the International Monetary Fund over the steps needed to qualify for the release of loan installments frozen since June.

The Japanese currency strengthened against the dollar as a technical indicator signaled its decline this week may have been too rapid.

Japan’s currency still headed for a second weekly decline against the dollar as opposition leader Shinzo Abe, who is favored to become the country’s next prime minister after elections on Dec. 16, increased pressure on the Bank of Japan to add to stimulus measures that tend to weaken the yen.

EUR / USD: during the European session, the pair shows growth, and is now trading at $ 1.2915, which is the maximum value

GBP / USD: during the European session, the pair set a high at $ 1.5965 and then fell to $ 1.5926, and now is at $ 1.5935

USD / JPY: during the European session, the pair is trading in a range of mixed Y82.05 - Y82.38

At 13:30 GMT in Canada released the consumer price index and the core consumer price index from the Bank of Canada in October.