Higher numbers than forecast tend to be bullish for EUR/xxx pairs and bearish for xxx/EUR pairs.
The typical/expected impact on EUR pairs is medium.
The consensus forecast for IFO – Business Climate is 88.5. A higher value than forecast tends to be bullish for EUR/xxx pairs and bearish for xxx/EUR pairs.
The most recent announced value for IFO – Business Climate was 88.4 against a forecast of 87.8.
Recent economic data has been broadly neutral for EUR. Other recent announcements which may affect the market's interpretation of the next IFO – Business Climate result:
| Country: | Germany |
|---|---|
| Currency: | EUR |
| Source: | IFO Institute |
| Category: | Economic Activity |
| Frequency: | Monthly |