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The Euro revealed a deceptive increase against the Greenback on Germany's business climate data. The EUR/USD exchange rate added 4 base points to the 1.1809 mark and continued the session to continued being magnetized to the 1.1820 area.
German business sentiment fell unexpectedly this month after reaching an all-time high in November, a survey revealed on Tuesday, indicating the political deadlock in the country was clouding the outlook. The Munich-based Institute for Economic Research Ifo reported that Germany's business confidence dropped to 117.2. However, experts warned of not over-interpreting the decline, as it could be difficult to anticipate better business conditions.
| Historical Data Table: German Ifo Business Climate | Economic Calendar for 20.12.2017 | ||||||||
| Date | 25.08.2017 | 25.09.2017 | 25.10.2017 | 24.11.2017 | 19.12.2017 | 1:15 PM | BoE Governor Carney Speech | ||
| Actual | 115.9 | 115.2 | 116.7 | 117.5 | 117.2 | 3:00 PM | US Excisting Home Sales | ||
| Forecast | 115.5 | 116 | 115.2 | 116.6 | 117.6 | 9:45 PM | NZ GDP q/q | ||
| Initial Reaction on Main Pairs | SWFX Sentiment Indexes | ||||||||
| Open Price | Close Price | % Change | Longs | Shorts | |||||
| EUR/USD | 1.18057 | 1.18095 | 0.03% | EUR/USD | 45.19% | 54.81% | |||
| EUR/GBP | 0.88239 | 0.88257 | 0.02% | EUR/GBP | 43.86% | 56.14% | |||
| EUR/CHF | 1.16352 | 1.16391 | 0.03% | EUR/CHF | 28.04% | 71.96% | |||
| EUR/JPY | 132.894 | 132.959 | 0.05% | EUR/JPY | 45.90% | 54.10% | |||