Data show German economic recovery faster than US, UK, and Japan – Buy Euro sell the Dollar, Pound, and Yen
Peter Oberois
Jul. 24, 2009

The German purchasing managers’ index zoomed at the fastest pace ever. The Ifo index also rose to 87.3, up from 85.9 in June. The Ifo index hit the highest level since last October.

German business climate index rose at a very fast pace. Rise in The German purchasing managers’ index is much faster than that of UK, US and Japan. The business confidence index and the consumer sentiment index are showing similar trends.

The German economy is in fast pace compared to the rest of the world. Brazil, Russia, India, and China (BRIC) are all tending to expand their business relations with the Eurozone especially Germany.

German GDP expansion in the coming quarters will far exceed that of contracting GDPs of Japan, UK and US. What does that sound for Euro, yen, sterling and dollar?

Many currency think tanks believe it is time for Euro to shine along with gold and silver.

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Data show German economic recovery faster than US, UK, and Japan – Buy Euro sell the Dollar, Pound, and Yen
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