The latest survey conducted by Germany’s influential IFO institute showed on Thursday, the workers in the German countries, who have been on shortened working hours, are gradually reducing in the construction, services and retail sectors. The IFO survey showed: In July, 42% of companies surveyed were still taking advantage of the Kurzarbeit furlough scheme, down from 46% in June and 53% in May. On Tuesday, the institute said that the exports expectations for Europe’s economic powerhouse improved sharply in July. This comes ahead of the country’s preliminary Q2 GDP data due on the cards later in the European session at 0800 GMT. Market reaction EUR/USD flirts with lows near 1.1760 on the above findings, mainly driven by a broad rebound in the US dollar. 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 WTI Price Analysis: Breaks weekly support line to attack $41.00 FX Street 3 years The latest survey conducted by Germany’s influential IFO institute showed on Thursday, the workers in the German countries, who have been on shortened working hours, are gradually reducing in the construction, services and retail sectors. The IFO survey showed: In July, 42% of companies surveyed were still taking advantage of the Kurzarbeit furlough scheme, down from 46% in June and 53% in May. On Tuesday, the institute said that the exports expectations for Europe’s economic powerhouse improved sharply in July. This comes ahead of the country’s preliminary Q2 GDP data due on the cards later in the European session at 0800… 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.
