July was reported at 106.70
The German Current Conditions Index was 109.7 against expectation 108.50
The German Business Expectations Index came out at 103.9 vs expected 104.0
No revisions for the August print
IFO’s Abberger says ‘we are now entering a different phase of upswing, losing some pace’
Unexpected strong numbers have given the EUR a boost to EUR/USD 1.3360 EUR/JPY 113.05 EUR/GBP back to 0.8520
