Euro Mixed Ahead Of German Ifo Business Climate Index

03:55, 24th November 2014

(RTTNews) - At 4:00 am ET Monday, research institute IfO is due to release the results of its November business climate survey for Germany. The business climate index is expected to decrease to 103 in November from 103.2 in October. The current conditions index is estimated to drop to 108 in November from 108.4 in October. The expectations index is forecast to rise to 98.4 from 98.3 in October.

Ahead of the data, the Euro showed mixed trading against its major rivals. While the Euro retreated against the U.S. dollar, it rose against the Yen. Against the Swiss franc and the Pound, the Euro held steady.

As of 3:55 am ET, the European currency was trading at 0.7916 against the Pound, 1.2026 against the Swiss franc, 1.2379 against the U.S. dollar and 146.39 against the Yen.