Euro Firm in Face of Worsening German Business Climate

Jun 24,2019 21:32   Source:Earnforex
The German business climate worsened this month. But while the euro fell versus commodity currencies, it surprisingly managed to log substantial gains versus majors. The German Ifo Business Climate declined from 97.9 in May to 97.4 in June, in line with market expectations. It was the lowest reading since November 2014. The report made following comments about the result: Companies have grown increasingly pessimistic about the coming […]

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