German November IFO stronger than expected

German November IFO has come in stronger than expected:

Expectations index 98.9 compared to median forecast 97.3

Business climate index 93.9 compared to median forecast 92.5

Current conditions index 89.1 compared to median forecast of 88.0.

EUR/USD has gotten a slight lift, presently at 1.4930, but it’s pretty marginal.

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