German Ifo Business Climate — News Archive

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Euro Mixed After Collapse of German Business Climate, EU Rescue Package Disagreement

The euro fell against the US dollar and the bigger-than-expected slump of the German business climate and the disagreement between the European Union members about how to tackle financial stimulus to the economy. Against other rivals the euro was mixed.

Euro Rallies on US Stimulus Package Despite Weak German IFO Data

The euro today rallied higher against the US dollar driven by the markets higher risk appetite after the US Senate agreed on a multi-trillion stimulus package. The EUR/USD currency pair’s gains were also helped in part by the easing demand for the US dollar after the Federal Reserve provided swap lines for the currency.

Euro Falls on Coronavirus Fears, Ignores Upbeat German IFO Data

The euro today gapped lower against the US dollar to start of the week trading with a bearish bias amid the risk-off market sentiment created by coronavirus headlines. The EUR/USD currency pair oscillated between gains and losses during today’s session as bears fought to control the pair’s price despite the upbeat German macro reports.

Euro Mixed amid Spreading Coronavirus Fears, Worsening German Business Climate

The euro was mixed today amid spreading fear of the coronavirus that has started in China. The shared 19-nation currency fell versus its safe counterparts but performed better versus other rivals. The euro was particularly strong against commodity currencies. There was just one major macroeconomic report released in the eurozone today, and it was unfavorable to the region’s currency.

Euro Falls Despite Upbeat German IFO and Eurozone CPI Data

The euro today fell against the US dollar in what could only be attributed to technical factors including major resistance levels posed by the 200-day MA. The EUR/USD currency pair kept falling despite the release of upbeat German IFO survey data and inflation data from the eurozone driven by a much stronger dollar.

Euro Falls Against US Dollar on Mixed German Gfk and IFO Data

The euro today fell against its US peer following the release of mixed German IFO survey data early in the European session. The EUR/USD currency pair fell from its daily highs shortly after the announcements in a risk-off market environment weighed down by Brexit and trade worries.

Euro Struggles to Stay Above 1.10, Spikes Higher on Weak US Data

The euro today struggled to break and stay above 1.10 when trading against the US dollar given yesterday’s decline and subsequent sideways trading range. The EUR/USD currency pair reacted positively to Germany’s IFO data but struggled to break decisively above the level until the weak US consumer data triggered a spike above the level.

Euro Falls on Weak German IFO Data, Positive Trade Headlines

The euro today fell against the US dollar as investors bought the greenback in response to President Donald Trump‘s positive comments on US-China trade talks overnight. The EUR/USD extended its losses following the release of weak German IFO survey results in the early European session before trading sideways into the American session.

Euro Firm in Face of Worsening German Business Climate

The German business climate worsened this month. But while the euro fell versus commodity currencies, it surprisingly managed to log substantial gains versus majors.

Euro Rallies From Multi-Year Lows as US Data Disappoints

The euro today rallied from multi-year lows in the American session after key US data disappointed and US Treasury yields dropped to multi-year lows. The EUR/USD currency pair had fallen to lows last seen in May 2017 following the release of multiple weak releases from Germany and the eurozone earlier today.

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