Market Updates: German Ifo Business Climate Slips to 101.0 vs. 102.0

Fellas, as per the recent reports from Ifo Institute for Economic Research the German business confidence fell to 101 vs. 102 in the previous month. Economists expected to see a small decline again on the back of a continued difficult external environment, with China slowing further into year-end.

Despite that, the EUR/USD hasn’t changed much and decides to trade at $1,1360.