German business sentiment darkens in June, Ifo says

German business sentiment darkens in June, Ifo says

From xm.com

German business morale unexpectedly fell in June due to more pessimistic expectations of Europe's largest economy, a survey showed on Monday. The Ifo institute said its business climate index sank to 88.6 in June from 89.3 in May, compared with a reading of 89.7 forecast by analysts in a Reuters poll. "The German economy is having difficulty overcoming stagnation," said Ifo president Clemens Fuest. The expectations index dropped to 89.0 in June from a slightly revised 90.3 the month before. Analysts had expected that index to rise to 91.0.

data from euro is not good but EURUSD , EUR JPY is all up. Why is that?

Socialist Party and Green Party (Ecologists & Communists) are a toxic cocktail and deadly for the German economy for sure....

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data from euro is not good but EURUSD , EUR JPY is all up. Why is that?

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Yen is worse!

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