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EUR/USD edges lower after German IFO misses slightly on all fronts

The latest German IFO index has just been released and it was slight below forecasts on  all fronts. The EUR/USD had been pushing a little higher ahead of this release. The Euro had traded to 1.0920 and it is now edging back towards 1.0910, so we are talking about small moves here. Irrespective of that, the IFO data is not exactly knocking it out if the park in any direction and as such continues to underscore the weak outlook for the German economy. Now, very often the Euro absorbs this data and we shall soon see if that is the case today

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