• 104.7 prev
  • current assessment 108.4 vs 110.0 exp vs 110.5 prev
  • expectations 98.3 vs 99.2 exp vs 99.3 prev

Euro lower on the weaker than forecast but not necessarily unexpected data so we’re seeing a small bounce already

EURUSD 1.2702 from 1.2686 helped by stronger money supply data

German IFO business climate mm

German IFO business climate mm