The IFO business climate came out within expectations at 108.6 points. The Business expectations dropped to 103.5 and the current assessment is at 113.9.
EUR/USD remains on high ground, edging up just a bit. The high so far is `,0896. Resistance awaits at 1.0910.
The GErman IFO Business Climate was expected to rise from 107.9 to 108.4 points in April. Business expectations carried expectations for a rise to 104.5 points and the Current Assessment to 112.4 points.
EUR/USD traded at high levels towards the publications, around 1.0877.
Here is the preview:Â EUR/USD: Trading the German Ifo Business Climate
So far this week, euro-zone publications fell short of expectations, with the German ZEW Business survey sliding for the first time in 6 months.
However, also US data failed to impress, and the biggest blow came from new home sales. These fell over 11% and sent the dollar into a downfall.
We still have one more important figure coming up from the US: durable goods orders. The indicator was very weak in recent months.
