Latest data released by Ifo Institute for Economic Research - 25 June 2018
- Prior 102.2; revised to 102.3
- Expectations 98.6 vs 98.0 expected
- Prior 98.5; revised to 98.6
- Current assessment 105.1 vs 105.6 expected
- Prior 106.0; revised to 106.1
Do be reminded the Ifo changed the indicator measurement to take into account of services data too as of April 2018.
A minor dip in business sentiment after holding steady in May, current conditions also fell but expectations are more or less steady. A mixed bag, but overall doesn't change the Eurozone outlook/sentiment all too much.
EUR/USD holding up well now up to 1.1650 on the day after seeing a bounce of the 200-hour MA @ 1.1630 earlier.
