The euro (EUR) sure enjoyed a better night rebounding from close to its annual low versus the US dollar. A surprisingly upbeat IFO business climate index combined with a pledge of more funds for the bailout and a positive Spanish auction to send the common currency higher. The IFO Institute’s index, based on a survey [...] Euro Rallies on Positive IFO Index and a Successful Spanish Debt Auction originally appeared in the Daily Reckoning . The Daily Reckoning is published by Agora Financial and provides over 400,000 readers economic news, market analysis, and contrarian investment ideas.