The German IFO Business Survey Overview
The German IFO survey for October is due for release later today at 0900 GMT. The headline IFO Business Climate Index is seen decelerating to 92.7 versus 93.4 previous.
The Current Assessment
sub-index is seen arriving at 89.7 this month vs. 89.2 prior while the IFO Expectations Index – indicating firms’ projections for the next six months – is likely to come in at 96.0 in the reported month vs. 97.7 last.
Deviation impact on EUR/USD
Readers can find FX Street’s proprietary deviation impact map of the event below. As observed the reaction is likely to remain confined between 3 and 30 pips in deviations up to 3.0 to -4.2, although in some cases, if notable enough, a deviation can fuel movements of up to 60 pips.
