Forexpros - The euro edged higher against the other major currencies on Monday, as market participants anticipated a speech by Federal Reserve Chairman Ben Bernanke in Jackson Hole, Wyoming on Friday, amid speculation over how close the U.S. central bank is to implementing more stimulus measures. During European late morning trade, the euro pushed higher against the U.S. dollar, with EUR/USD easing up 0.13% to 1.2528. Earlier Monday, data showed that German business sentiment declined for a fourth month in August, underlining concerns over the impact of the debt crisis on the region’s largest economy. The German research institute Ifo said its Business Climate Index came in at 102.3 this month, from a downwardly revised 103.2 in July, compared to expectations for a reading of 102.6. However, the current assessment index fell less-than-expected, ticking down to 111.2 from 111.6 last month, slightly better that expectations for a reading of 110.8. Sentiment on the euro continued to be supported by expectations that the European Central Bank will implement policy measures to help stabilize the euro zone's sovereign debt markets at its next policy meeting in early September. The single currency was higher against the pound, with EUR/GBP inching up 0.10% to 0.7921. The euro was trading close to a six-week high against the yen, with EUR/JPY up 0.17% to 98.57 and remained steady against the Swiss franc, with EUR/CHF edging up 0.02% to 1.2010. The shared currency was broadly higher against the Australian, Canadian and New Zealand dollars, with EUR/AUD rising 0.17% to 1.2045, EUR/CAD slipping 0.11% to trade at 1.2401 and EUR/NZD gaining 0.13% to 1.5440. Trade volumes were expected to remain light on Monday, with markets in the U.K. closed for a bank holiday weekend.

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