From the Reuters: “An unexpected improvement in German business sentiment helped to underpin European shares on Wednesday while the yen recouped some of its recent losses as China rekindled speculation of a yuan revaluation.
China’s finance minister said it would enter into a “deep dialogue” at next week’s Group of Seven meeting on issues including the pegged yuan, which is widely seen as undervalued and boosted other Asian currencies in the process.
The euro was also supported after the Ifo business climate index rose to its highest level in 11 months as German firms reported signs of improved domestic demand in Europe’s biggest economy.”
