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Back Fundamental analysis
Solid Ifo print from Germany fails to lift euro
Germany's Ifo business climate index rose
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Germany's Ifo business climate index rose to 89.9 in September from 88.8 in August, marking a fourth consecutive month of recovery. The report said firms assessed current business conditions more positively and that expectations improved again — a development Ifo President Clemens Fuest described as a continuing recovery in the German economy. The euro initially rallied on the print but lacked staying power. Markets quickly resumed selling, and the decisive factor was not the German data itself but the persistent
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Jakub Novak,
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