The latest data published by Germany’s influential IFO institute showed on Tuesday, the exports expectations for Europe’s economic powerhouse improved sharply in July, as the coronavirus pandemic-imposed borders closure re-open. Key details “Export expectations in Europe’s largest economy rose to 6.9 points in July from -2.2 the previous month.” “Cautious optimism is spreading among German exporters.” “The automobile sector is one of the biggest winners. After some very tough months, the export business should pick up again.” Market reaction EUR/USD bounced-off daily lows of 1.1715 to now trade at 1.1730, still down 0.15% on a daily basis. The uptick in the spot is mainly due to the pause in the broad US dollar rebound while the upbeat German data also underpins the shared currency. 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 ECB recommends banks to freeze dividends, buy back shares until January 2021 FX Street 3 years The latest data published by Germany’s influential IFO institute showed on Tuesday, the exports expectations for Europe’s economic powerhouse improved sharply in July, as the coronavirus pandemic-imposed borders closure re-open. Key details “Export expectations in Europe’s largest economy rose to 6.9 points in July from -2.2 the previous month.” “Cautious optimism is spreading among German exporters.” “The automobile sector is one of the biggest winners. After some very tough months, the export business should pick up again.” Market reaction EUR/USD bounced-off daily lows of 1.1715 to now trade at 1.1730, still down 0.15% on a daily basis. The uptick in… 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.
