At 10:00 market got to know the results of December survey of the German IFO institute regarding business expectations, the current economic situation and consumer confidence in our western neighbours. Results were better than expected and better than results from November.
Results of the most important publications are described below:
- Business Expectations: 105.60, 105.60 forecast, previously 105.50
- Current situation analysis: 116.60, 115.90 forecast, previously 115.60
- IFO business sentiment index: 110.00, 110.70, 110.40 previously
On quotations of EURUSD we did not observe any stronger reaction to the data. Price, however, returned Monday to the border 1.0460 – the level of last year’s lows, which is a barrier blocking the further depreciation towards parity: