German Business Sentiment Rose in August

German business sentiment rose more than expected in August, according to a leading survey, as domestic indicators improved and morale was boosted by progress on Greece’s bailout deal.

The much-watched IFO economic institute business climate index ticked higher to 108.3 this month, up from 108 in July.

August’s number beat Reuters consensus forecasts of 107.7,

via CNBC

Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza