Latest data released by Ifo Institute for Economic Research - 25 May 2018
- Prior 102.1; revised to 102.2
- Expectations 98.5 vs 98.5 expected
- Prior 98.7
- Current assessment 106.0 vs 105.5 expected
- prior 105.7; revised to 105.8
Slight delay in the release by the source. Do be reminded the Ifo changed the indicator measurement to take into account of services data too as of last month.
A slight beat on the headline and the current assessment index, but nothing particularly solid. That should at least not give a reason for sellers to drive the euro lower on the back of deteriorating Q2 sentiment.
But nonetheless the euro remains pressured on the day as it continues to stay below the 1.1700 handle against the dollar.
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