Business climate in Germany
- German Business Expectations Index, fact 94.2, forecast 94.6.
- Assessment of the current situation in Germany, fact 100.8, forecast 100.3.
- German IFO Business Climate Index, fact 97.4, forecast 97.4.
Data on the business climate in Germany turned out to be multidirectional, showing a decrease in business expectations and an improvement in the current situation. At the same time, all indicators of the business climate remain downward, indicating a negative dynamic of business activity on risk retention.
Fig. 1. Business climate index IFO Germany
Despite the moderately weak data for Germany, the euro continued its growth against its main competitors. The single currency continued to be supported by the general weakness of the US dollar. EUR/USD pair maintains upward dynamics, limited to overbought and resistance levels: 1.1400 and 1.1420.
Fig. 2. EUR/USD chart. Current price – 1.1390
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