Foreign exchange: Euro stable ahead of Ifo index and US flood of data
Different currencies. © alfexe / iStock / Getty Images Plus / Getty Images
FRANKFURT (dpa-AFX) – The euro
In the middle of the week, especially in the USA, there is a veritable flood of economic data on the program. The reason is the national holiday “Thanksgiving” on Thursday, which many US citizens and authorities use for a long weekend. Therefore, many economic figures are preferred.
In addition, the US Federal Reserve published its minutes of the latest interest rate meeting that evening. Analysts and investors are likely to scour the transcript for additional clues about the Fed’s monetary policy direction. The Fed has started to tighten its monetary policy somewhat by gradually scaling back its huge asset purchases.
In Germany, the financial markets are looking at the business climate of the Munich Ifo Institute. Another clouding of mood is expected. At the moment, the numerous tensions in world trade are particularly affecting corporate sentiment. In addition, there is the tense corona situation in many European countries./bgf/mis
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