Euro stable before the Ifo business climate is announced

Euro and dollar bills

The majority of global transactions are processed in these two currencies.

(Photo: Reuters)

Frankfurt The euro moved little at the start of the week ahead of important economic data from Germany. The common currency cost $ 1.2120 on Monday morning, roughly the same as on Friday evening. The European Central Bank (ECB) set the reference rate on Friday afternoon at $ 1.2139.

On Monday morning, the Ifo Institute in Munich publishes its business climate, a monthly survey in companies. A slight brightening is expected. The business climate is the most important leading economic indicator for the German economy. From the ranks of the ECB, President Christine Lagarde also spoke up.

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