German IFO Business Climate Index rises further to 88.4 in June vs. 88.3 expected

German IFO Business Climate Index outpaces estimates with 88.4 in June.
EUR/USD defends minor bids near 1.1600 on German sentiment data.

The headline German IFO Business Climate Index advanced to 88.4 in June from 87.5 in May. The data came in a tad higher than the market forecast of 88.3.

Jun 24, 2025

Germany IFO – Expectations above forecasts (90) in June: Actual (90.7)

USD/CHF consolidates losses below 0.8130 in risk-on markets with Fed's Powell in the spotlight

Fed Chair Powell is expected to speak to Congress later today and give more clues on the bank's next steps.The Swiss Franc has retraced most of the last two weeks’ losses, and the USD/CHF has returned to levels right above 0.8100, with the Dollar weighed by the risk-on mood after the announcement of

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German IFO Business Climate Index rises further to 88.4 in June vs. 88.3 expected

Germany IFO – Expectations above forecasts (90) in June: Actual (90.7)

USD/CHF consolidates losses below 0.8130 in risk-on markets with Fed's Powell in the spotlight