HomeContributorsFundamental AnalysisEUR/USD: German Ifo Business Climate

EUR/USD: German Ifo Business Climate

German business morale reached its record-high in July, which contributed to the appreciation of the EUR/USD exchange rate. Right after the better-than-expected data was published, the Euro zone’s currency strengthened against the US Dollar by 11 base points to reach 1.1663. The Ifo German Business Climate Index surged to 116.0 points, while analysts’ anticipated it to decrease to 114.9 from 115.2 points registered in the preceding month. Overall, sentiment among German businesses remained upbeat and is expected to improve further. Moreover, Germany is set to show strong growth in the Q2 with higher private consumption and construction activity.

Dukascopy Swiss FX Group
Dukascopy Swiss FX Grouphttp://www.dukascopy.com/
This overview can be used only for informational purposes. Dukascopy SA is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained.

Featured Analysis

Learn Forex Trading