German IFO Business Climate Index declines to 88.6 vs. 89.7 expected
Source Fxstreet
- German IFO Business Climate Index retreated to 88.6 in June, pointing to a decline in business morale.
- EUR/USD holds steady slightly above 1.0700 in the European session.
The headline German IFO Business Climate Index declined to 88.6 in June from 89.3 in May. This reading came in below the market expectation of 89.7.
The Current Assessment Index remained unchanged at 88.3 in the same period, while the Expectations Index edged lower to 89 from 90.4.
Market reaction
EUR/USD clings to modest daily gains slightly above 1.0700 despite the weak sentiment data from Germany.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
TradingKey 2025 Markets Recap & Outlook | Global Central Banks 2025 Recap and 2026 Outlook: Navigating Post-Easing Recovery and Diverging PathsIn 2025, major central banks globally generally maintained an accommodative stance, but the pace of policy adjustment slowed significantly. As inflation gradually came under control and e
In 2025, major central banks globally generally maintained an accommodative stance, but the pace of policy adjustment slowed significantly. As inflation gradually came under control and e
After a turbulent 2025, what lies ahead for commodities, forex, and cryptocurrency markets in 2026?
Silver price (XAG/USD) rallies further to near $72.70 during the early European trading session on Wednesday.
Bitcoin is predicted to potentially hit $100,000 following a significant options expiry valued at $23.7 billion.
After failing to turn the $90,000 area, Bitcoin (BTC) continues to move within its local range with apparent no clear direction. Some market observers have suggested that the flagship crypto will
