EUR/USD Stays Below 1.37 despite Highest German IFO Business Climate in 2.5 Years

German business sentiment rose in January, beating analysts’ expectations, according to the latest data from Germany’s Ifo Institute for Economic Research.

The German business climate index rose to 110.6 in January versus a Reuters forecast for 110.0, the Munich-based research group reported on Monday. In December, the Ifo index had risen to 109.5.

Other data collected by the institution showed that German business expectations also rose to 108.9 in January, above the 107.4 recorded in December and again above expectations of a 108.0 figure from analysts polled by Reuters.


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Mingze Wu

Mingze Wu

Currency Analyst at Market Pulse
Based in Singapore, Mingze Wu focuses on trading strategies and technical and fundamental analysis of major currency pairs. He has extensive trading experience across different asset classes and is well-versed in global market fundamentals. In addition to contributing articles to MarketPulseFX, Mingze centers on forex and macro-economic trends impacting the Asia Pacific region.
Mingze Wu