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IFO’s Economist: German economy sees a silver lining on the horizon

Following the release of the German IFO Business Survey, the institute’s Economist Klaus Wohlrabe said that “the German economy sees a silver lining on the horizon.”

Additional quotes

The likelihood of a recession has reduced with today's IFO data.

Business climate improves across nearly all sectors.

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EUR/USD climbs to fresh daily high, around mid-1.0600s on upbeat German data

The EUR/USD pair catches fresh bids on the first day of a new week and stalls its recent pullback from a six-month low touched last Thursday. Spot pri
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