Forexpros Daily Analysis Dec 17, 2009
Fundamental Analysis
German Ifo Business Climate Index — The German Information and Foschung (IFO) Business Climate Index determines the business sentiment and conditions in the Euro-zone. The reading is concluded from survey of about 7,000 businesses. A higher than expected reading should be taken as positive/bullish for the EUR, while a lower than expected reading should be taken as negative/bearish for the EUR.
Analysts forecast a reading of 93.90, down from 94.50.
