Forex Today: Risk mood improves ahead of US consumer sentiment data – by eren_fxstreet Majors Currencies Macroeconomics Commodities CryptoCurrencies
Risk flows dominated the financial markets during the Asian trading on hopes of Chinese economy picking up steam on additional stimulus measures. Investors seem to have turned slightly cautious in the European morning, with US stock index futures trading mixed.
Earlier in the day, the data from Germany revealed that the headline IFO Business Climate Index declined to 87.3 in July from 88.6 in June. This reading came in weaker than the market expectation of 88.0. The IFO Expectations Index – indicating firms’ projections for the next six months, fell to 83.5 in July from the previous month’s 83.8 reading. Following a recovery attempt toward 1.1100,The upbeat market mood in the Asian session provided a boost todropped below 1.
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