German IFO Business Climate Index falls to 85.7 in November vs. 86.0 expected
|- German IFO Business Climate Index misses estimates with 85.7 in November.
- The IFO Current Economic Assessment Index dropped to 84.3 in the reported month.
The headline German IFO Business Climate Index fell to 85.7 in November from 86.5 in October. The data came in below the consensus 86.0 print.
Meanwhile, the Current Economic Assessment Index declined to 84.3 in the same period from 85.7 recorded in October, missing the market expectations of 85.4.
The IFO Expectations Index, which indicates firms’ projections for the next six months, eased slightly to 87.2 in November vs. 87.3 in October and 87.0 estimates.
Market reaction to the German IFO Survey
EUR/USD picks up fresh bids despite the mixed German IFO survey. At the time of writing, the pair is trading 0.59% higher on the day at 1.0480.
Euro PRICE Today
The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the strongest against the US Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.61% | -0.33% | 0.34% | 0.03% | -0.09% | 0.17% | -0.18% | |
| EUR | 0.61% | 0.11% | 0.32% | 0.05% | 0.44% | 0.20% | -0.15% | |
| GBP | 0.33% | -0.11% | 0.23% | -0.05% | 0.34% | 0.10% | -0.26% | |
| JPY | -0.34% | -0.32% | -0.23% | -0.29% | 0.00% | -0.10% | -0.33% | |
| CAD | -0.03% | -0.05% | 0.05% | 0.29% | 0.03% | 0.15% | -0.24% | |
| AUD | 0.09% | -0.44% | -0.34% | -0.01% | -0.03% | -0.24% | -0.58% | |
| NZD | -0.17% | -0.20% | -0.10% | 0.10% | -0.15% | 0.24% | -0.35% | |
| CHF | 0.18% | 0.15% | 0.26% | 0.33% | 0.24% | 0.58% | 0.35% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent EUR (base)/USD (quote).
(This story was corrected on November 25 at 10:10 GMT to say that the Current Economic Assessment Index declined to 84.3 in the same period from 85.7 recorded in October, not 84.6)
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