Data on business activity in Germany
- Assessment of the current situation in Germany, fact 105.3, forecast 104.8.
- The index of the business climate of Germany’s IFO, fact 101.7, forecast 101.6.
The business climate in Germany improved markedly in July, given the significant decrease in this parameter at the beginning of the year. In the long term, this may indicate the formation of a day on this indicator after a six-month decline.
Fig. 1. Chart of the business climate IFO Germany
The euro almost did not react to positive indicators due to the continuing downward dynamics of the business climate. The EUR/USD remains clamped in the sideways triangle and depends to a large extent on negotiations on trade relations and general sentiment regarding the US dollar.
Fig. 2. EUR/USD chart. Current price – 1.1690
Hanzenko Anton
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