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EUR/USD slips ahead of German IFO index due shortly

Probably the most likely economic release of the day to evoke any kind of market reaction will shortly be released. This is the latest (September) German IFO business climate index. The index itself is expected to come in a little lower, at around 88 from 89. Current conditions are just one element of this and the markets will want to see all the components that make up the report. Now, sometimes the market reaction to this report can be somewhat muted, but that does depend on what the data holds. Ahead of this the EUR/USD has recently edged back to fresh session lows, at 1.0632. It is not far removed from that just now, currently trading at 1.0635 with the index due for release very shortly, at 8am GMT
 

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