• 107.4 previously
  • IFO current conditions 109.9 vs 110.4 exp 110.2 prev
  • IFO expectations 103.6 vs 104.9 exp 104.60 prev
  • first fall in 5 months

EURUSD lower at 1.2895 on the weaker reading

  • IFO economist sees GDP growth
  • says survey was 85% completed before latest cyprus problems