- The German IFO Business Climate Index missed forecasts with 86.7 in March.
- The IFO existing economic evaluation index rose to 85.7 per month.
The German IFO Business Climate Index title rose from 85.3 to 86.7 in February in March. The data came to 86.8 a little below market estimation.
Meanwhile, the current economic evaluation index rose to 85.7 in the same period, rose from 85 in February and exceeded the estimated 85.5 reading.
The IFO expectations index, which shows the forecasts of the companies for the next six months, is expected to 87.7 in March and 85.6 in February and 87.9.
Market response to German IFO survey
EUR/USD keeps its range close to 1,0800 after the mixed German IFO survey. When writing, double days are traded by 0.05% lower.
EURO PRICE TODAY
The following table shows the euro (EUR) percentage change against the large currencies listed today. The euro was the weakest against the Japanese Yen.
| USD | EUR | Gbp | JPY | Cad | Volume | Nzd | Chf | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.05 % | 0.05 % | -0.05% | 0.05 % | -0.04% | 0.20 % | 0.13 % | |
| EUR | -0.05% | -0.01% | -0.13% | -0.01% | -0.08% | 0.14 % | 0.07 % | |
| Gbp | -0.05% | 0.00 % | -0.12% | 0.00 % | -0.07% | 0.15 % | 0.03 % | |
| JPY | 0.05 % | 0.13 % | 0.12 % | 0.10 % | 0.05 % | 0.25 % | 0.17 % | |
| Cad | -0.05% | 0.01 % | -0.00% | -0.10% | -0.05% | 0.15 % | 0.04 % | |
| Volume | 0.04 % | 0.08 % | 0.07 % | -0.05% | 0.05 % | 0.21 % | 0.14 % | |
| Nzd | -0.20% | -0.14% | -0.15% | -0.25% | -0.15% | -0.21% | -0.11% | |
| Chf | -0.13% | -0.07% | -0.03% | -0.17% | -0.04% | -0.14% | 0.11 % |
The heat map shows the percentage of the major currencies to each other. When the bid currency is selected from the top row, the base currency is selected from the left column. For example, if you choose the Euro from the left column and move it to the US dollar along the horizontal line, the percentage amendment displayed in the box will represent EUR (Base)/USD (quote).
