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German IFO Business Climate Index falls to 85.7 in November vs. 86.0 expected

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The headline German IFO Business Climate Index fell to 85.7 in November from 86.5 in October.

German IFO Business Climate Index missesestimates with 85.7 in November. The IFO Current Economic Assessment Index dropped to 84.6 in the reported month. The data came in below the consensus 86.0 print. Meanwhile, the Current Economic Assessment Index declined to 84.6 in the same period from 85.7 recorded in October, missing the marketexpectations of 85.4. The IFO Expectations Index, which indicates firms’ projections for the next six months, eased slightly to 87.2 in November vs. 87.

Euro was the strongest against the US Dollar. USD EUR GBP JPY CAD AUD NZD CHF USD -0.61% -0.33% 0.34% 0.03% -0.09% 0.17% -0.18% EUR 0.61% 0.11% 0.32% 0.05% 0.44% 0.20% -0.15% GBP 0.33% -0.11% 0.23% -0.05% 0.34% 0.10% -0.26% JPY -0.34% -0.32% -0.23% -0.29% 0.00% -0.10% -0.33% CAD -0.03% -0.05% 0.05% 0.29% 0.03% 0.15% -0.24% AUD 0.09% -0.44% -0.34% -0.01% -0.03% -0.24% -0.58% NZD -0.17% -0.20% -0.10% 0.10% -0.15% 0.24% -0.35% CHF 0.18% 0.15% 0.26% 0.33% 0.24% 0.58% 0.

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