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EUR/USD: Trading the German Ifo Business Climate
German Ifo Business Climate is a monthly composite index of about 7,000 businesses, which are surveyed about current business conditions and their expectations concerning economic performance over the next six months. A reading which is higher than the estimate is bullish for the euro. Here are all the details, and 5 possible outcomes for EUR/USD. Published on Wednesday at 9:00 GMT. Indicator Background The index remains at high levels, and stayed steady in February at 106.8 points. However, this was shy of the estimate of 107.4 points. The markets are expecting another solid performance in the March report, with the ... (full story)