Another challenge for the EUR

Another challenge for the EUR

The Business Climate Indicator will be announced at 12:00 MT on January 8.

The Business Climate Indicator is based on five parameters of business activity and accounting, reported by thousands of companies across the Eurozone. Hence, it gives a comprehensive view of the European manufacturing sector. This year, the BCI has been consistently decreasing month after month with a few exceptions to the overall declining trend. The releases of the last three months were negative, indicating very moderate expectations of the business sector. The November figure of -0.23 fell below the expected -0.14, putting the euro under additional pressure. If the same happens on January 8, EUR will likely drop.

  • If the BCI falls below the forecasts, EUR will fall.
  • If the BCI outperforms the forecasts, EUR will be supported. 

Check the economic calendar

Euro BCI.png

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