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Nov 25 - 03:48 AM
EUR/USD - Good Or Bad Today's IFO Most Likely Weighs EUR/USD
First appeared on eFXplus on Nov 25 - 02:25 AM
  • Germany's IFO due 9.00GMT seen 95.0 in November from 94.6

  • Better data will underpin risk appetite weigh EUR as funding ccy

  • Bad data will support expectation for more stimulus, weigh EUR

  • IFO at 95.0 has improved but basically bouncing along the bottom

  • Economy not worse, hardly better. IFO 99.9 in Jan, hit 94.3 Aug

  • In 2019 EUR/USD was predictable, in 2020 it may change nL2N28206L
















German IFO Click here

Source:
Refinitiv IFR Research/Market Commentary

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