German IFO Business Climate Index. Germany, 11:00 (GMT+2)

German IFO Business Climate Index is due at 11:00 (GMT+2). The indicator is expected to fall to 100.7 points in January from 101.0 points a month earlier. The indicator is based on a poll taken among top managers of over 7000 enterprises in order to learn their estimates of the current economic situation in the business sphere. The growth of the indicator is a positive signal and strengthens the rate of EUR. The fall of the indicator, on the contrary, is a negative factor for EUR

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