German Ifo Business Climate

German Ifo Business Climate

German Ifo business climate is the main indicator of business sentiment in the leading economy of the euro area.  
The indicator rose to the record high in October – a sign that Germany will register strong economic growth in the fourth quarter. Good figures from Germany tend to have a positive effect on the EUR. The release at 11:00 MT time on November 24 may offer good trading opportunities in EUR/USD and other EUR pairs. 
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