IFO – Business Climate release is due at 10:00 (GMT+2) in Germany. The value is expected to grow to 102.0 points in August from 101.7 points a month earlier. The index is built on the basis of a survey of executives of more than 7,000 enterprises to get their assessment of the current economic situation in the business environment. The growth of the indicator value is a positive signal and strengthens EUR. The decrease in the indicator, on the contrary, is a negative factor for EUR.