Latest data published by Ifo – August 25, 2020
- Prior 90.5; revised to 90.4
- Expectations 97.5 vs 98.0 expected
- Before 97.0; revised to 96.7
- Current rating 87.9 vs 86.2 expected
- Before 84.5
Slight delay in the diffusion by the source. Business morale improved across the board, with the economic climate continuing to improve in August.
The good news is that the current valuation shows further improvements as well, while expectations / outlook remain high for the time being. This maintains optimism on a continued recovery and won’t do much harm to the current risk mood.
EUR / USD is slightly higher now to hit its best for the day, rising from 1.1825 to a session high of 1.1835. EUR / JPY is also 0.6% higher @ 125.65 currently.