Following the exit of the final German IFO business survey, institute economist Klaus Wohlrabe said the economy was looking for a recovery.
“The climate has improved in construction, retail and services.”
“Particularly pronounced improvement of the climate in industry.”
Production plans have been significantly revised upwards.
“Travel agencies and tour operators are slightly optimistic for the first time in over a year.”
EUR / USD bounces above 1.2100
EUR / USD is resuming its bullish momentum, after recovering to the 1.2100 level on an optimistic German IFO survey.
The spot is currently trading at 1.2109, reversing losses so far.