Latest German IFO data now out
- 107.3 prev
- current assessment 112.9 vs 112.0 exp vs 112.5 prev
- expectations 98.8 vs 101.6 exp vs 102.4 prev revised up from 102.3
Softer than expected/previous readings give the euro a little knock lower but dip demand still.
EURUSD 1.1028 EURGBP 0.7806 EURJPY 123.64
The German Ifo Business Climate Index rates the current German business climate and measures expectations for the next six months. It is a composite index based on a survey of manufacturers, builders, wholesalers and retailers. The index is compiled by the Ifo Institute for Economic Research.
