IFO expectations rise to 83.2 in Dec, beat 82.0 f/c and prior 80.0

Expectations still weaker than before Fed began to raise interest rates

Expectations were 99.2 in Feb 2022, 85.80 before ECB hiked in July

EUR/USD reached 1.0658 after IFO the dropped to 1.0615 EBS

Monday's range 1.0582-1.0658 - low in Asia- high in Europe

Pair leapt at the start of European trading nL1N3390DO

Traders heavily long - profit taking likely weighing nL1N3390D5

Potential FX winners and losers during quiet spell next year nL1N3390H7