IFO economist out with a statement following the data release 23 May
- order inventories have grown
- companies want to export more
- Macron victory in France was a positive signal, giving a tailwind to EU
- neither Brexit or Trump policies have so far had concrete effects on German economy
EURUSD running out of a bit of puff after early gains. Expect demand into 1.1240 then 1.1220 now. Offers/res 1.1275-80
