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27 Jul 2020

German IFO Business Climate Index beats estimates with 90.5 in July, EUR/USD uninspired battles 1.1700

German IFO Business Climate Index came in at 90.5 in July.
IFO Current Economic Assessment stood at 84.5 this month.
July German IFO Expectations Index arrived at 97.0.

more to come ....

About German IFO

The headline IFO business climate index was rebased and recalibrated in April after the IFO research Institute changed series from the base year of 2000 to the base year of 2005 as of May 2011 and then changed series to include services as of April 2018. The survey now includes 9,000 monthly survey responses from firms in the manufacturing, service sector, trade and construction.

Jul 27, 2020

Germany IFO – Expectations came in at 97, above forecasts (93.7) in July

EUR/USD breaks above 1.17 to target September 2018 high at 1.1833 – Commerzbank

EUR/USD maintained upside pressure last week and has eroded the 1.1570 2019 high and the 1.1596 50% retracement of the move down from 2018. Today, the