Germany July Ifo business climate index 87.0 vs 88.9 expected ...Middle East

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Germany July Ifo business climate index 87.0 vs 88.9 expected
Prior 88.6Current conditions 87.1 vs 88.5 expectedPrior 88.3Expectations 86.9 vs 89.0 expectedPrior 89.0; revised to 88.8The data from the euro area this week has been rather poor to say the least. The readings here reaffirm softer business conditions in the German economy, alongside a worsening outlook as well. Again, if the economy is the one calling the shots, there is a strong case for a September rate cut. Now, it's up to inflation data to play ball. This article was written by Justin Low at www.forexlive.com.

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