German Ifo Business Climate

German Ifo Business Climate

German Ifo business climate will be released at 11:00 MT time on June 26. Germany is the largest economy in the euro area, so changes in its business sentiment result in strong intraday moves of the EUR.

The last time the indicator rose to the record high at 114.6. It means that the prospects for German economy are very bright. If this time the reading comes close to these highs, the euro will rise versus other currencies.

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