According to trading data, the euro exchange rate paired with the US dollar is rising on Monday after the publication of the business climate index in Germany. The EUR/USD exchange rate rose during the day to 1.0795. According to the IFO Research Institute, the German business climate index unexpectedly rose to 93.3 points in March from 91.1 points in February. Analysts of the institute noted that despite the turmoil in some international banks, the German economy is stabilizing. At the same time, the dollar exchange rate against the Japanese yen is rising after the news that loans and deposits of the bankrupt Silicon Valley Bank are being transferred to the American First-Citizens Bank. This somewhat reassured investors who feared a banking crisis after the collapse of SVB. As a result, the quotes of the USD/JPY pair rose to the level of 131.76 yen. At the same time, the dollar index itself (the exchange rate against a basket of currencies of six US trading partner countries) fell by 0.10%, to 102.565 points.
