Source: ForexYard
Two reports delivered in daily succession have shown the business climate of Germany to be in deep decline this month. Yesterday’s reports showed a deep plunge in economic sentiment and today’s reports are expected to give credibility to those findings.
Today’s reports underscore the rising tension across the euro zone which appears to be sending traders elsewhere for the safety of their investments. As outlook declines, demand goes with it, as does the strength of the local currency. The euro (EUR) may get hit this week from the loss of standing among German businesses and investors.
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