European Market Update: German IFO Jumps In May To Beat Expectations

Discussion in 'Fundamental Analysis' started by Angela_Riplay, May 25, 2016.

  1. Angela_Riplay

    Angela_Riplay Forum Member

    Sep 9, 2015
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    Rising US rate hike expectations supported the greenback and the session saw little pullback in its momentum. Housing data out of the US on Tuesday helped to alleviate concerns about the impact of a further Fed tightening EUR/USD was little changed and holding below the 1.1150 level. Better German data[​IMG]

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