The yield on the 10-year German 10-year Treasury bond dropped below the 0% line today and weighed on the shared currency, dragging the EUR/USD pair back below the critical 1.12 handle. At the moment, the pair is trading at 1.1187, losing 0.35% on a daily basis. Earlier today, the headline German IFO business climate index dropped to 99.2 in April from 99.6 in March and fell short of the market estimate of 99.9, reminding investors of the economic slowdown in Europe’s biggest economy. Commenting on the IFO survey results, the institute’s chief economist said that the industrial sector was dragging down the economy and noted that the EU’s decision to delay Brexit did not help the German business climate. EUR/USD technical levels FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/GBP fails to extend the up move beyond 0.8680 FX Street 4 years The yield on the 10-year German 10-year Treasury bond dropped below the 0% line today and weighed on the shared currency, dragging the EUR/USD pair back below the critical 1.12 handle. At the moment, the pair is trading at 1.1187, losing 0.35% on a daily basis. Earlier today, the headline German IFO business climate index dropped to 99.2 in April from 99.6 in March and fell short of the market estimate of 99.9, reminding investors of the economic slowdown in Europe's biggest economy. Commenting on the IFO survey results, the institute's chief economist said that the industrial sector was dragging… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
