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EUR/USD. The Missing Puzzle of the "Big Three": What Do the IFO Indices Say?
The IFO indices applied background pressure
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The IFO indices applied background pressure to the EUR/USD pair. The release wasn't a disaster for the euro — far from it — but it added to a string of disappointing macro signals, including the October ZEW and PMI readings. As a result, EUR/USD fell on the report, slipping toward the lower edge of the 1.1180–1.1250 range. Although the pair remains within its established price range, the IFO indices may still matter (as will the other members of this
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Irina Manzenko,
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