24.06.2025 09:25

Germany's IFO Business Climate Index unexpectedly surged to 88.4 in June, exceeding analysts' projections of 88.3. This positive result followed a May figure of 87.5, indicating a strengthening of business sentiment within the German economy.

The Current Economic Assessment Index also showed improvement, climbing to 86.2 from 86.1 in May. However, this increase fell slightly short of the anticipated 86.5. Conversely, the IFO Expectations Index, a key indicator of future business confidence, significantly outperformed expectations, rising to 90.7 from 88.9 in May, surpassing the forecast of 90. This suggests optimism among German businesses regarding the coming six months.

Market response to the IFO survey data was largely positive, with the EUR/USD exchange rate showing minor gains, trading slightly above 1.1600. At the time of reporting, the euro had appreciated by 0.09% against the US dollar.

A comprehensive heatmap illustrating daily percentage changes in major currency pairs against the euro reveals varied performance. The euro strengthened most notably against the Swiss Franc (CHF), showing a 0.18% increase. Conversely, the euro weakened against other major currencies, including the British Pound (GBP) and Australian Dollar (AUD), with respective declines of 0.35% and 0.48%. These fluctuations reflect the complex interplay of global economic factors influencing currency exchange rates. The data was sourced from internet resources.