Euro Mixed Ahead Of German Ifo Business Confidence Index
22 May 2015 - 5:55PM
RTTF2
Germany's Ifo business confidence for May is due at 4:00 am ET
Friday. Economists forecast the business confidence index to fall
to 108.3 in May from 108.6 in April and the current conditions
index to drop to 113.5 from 113.9. The expectations index is seen
at 103 versus 103.5 a month ago.
Ahead of the data, the Euro showed mixed trading against its
major rivals. While the Euro rose against the Pound and the Swiss
franc, it held steady against the yen and the U.S. dollar.
As of 3:55 am ET, the Euro was trading at 0.7122 against the
Pound, 1.1162 against the U.S. dollar, 1.0422 against the Swiss
franc and 134.76 against the Yen.
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