Open Demo Account
Home / Market Update / German IFO Business Climate Index declines in September

German IFO Business Climate Index declines in September

Adel 25 September, 2023 4:47 pm Market Update

The main German IFO Business Climate Index fell to 85.7 in September, down from 85.8 in August. This number was slightly higher than the market forecast of 85.2.

The Current Economic Assessment fell to 88.7 from 89.0 in the same time, but the Expectations Index, which measures firms’ expectations for the next six months, rose slightly to 82.9 from 82.6.

The market’s reaction
The EUR/USD pair had no immediate reaction to the news, and was last seen trading slightly lower on the day at 1.0640.

Tags

Check Also

Bitcoin

Bitcoin Nears $100K Milestone Amid Optimism Over Trump-Era Crypto Policies

Bitcoin surged on Friday, reaching new heights as optimism surrounding friendlier U.S. regulations and a …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends