The Ifo index measuring confidence in Germany rose to 88.6 in December, compared to 86.4 in November’s revised reading, while it had been expected to rise to 87.6, reflecting some slight improvement in inflation in the eurozone.

In details, the current situation index improved to 94.4 compared to 93.5 in November, while the expectations index rose to 83.2 from 82.0.

The euro is trading at 1.0650 levels against the US dollar, an increase of more than 65 points, in the middle of the opening session of the week today, Monday.