Published: 2025-03-25T09:05:24.000Z
EUR flows: EUR steady as IFO rises in line with consensus
Senior FX Strategist
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IFO in line with consensus but yield spreads still suggests EUR/USD could drift lower
The German IFO survey was essentially in line with consensus, with the main business climate indicator rising but still a little below the level suggested by the recent rise in the PMI index. Recent spread widening in favour of the USD still suggests some marginal downside risks for EUR/USD, but progress sub-1.08 will likely be slow.
