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The euro has started the week with gains. EUR/USD is trading at 1.0727 in Monday’s European session, 0.34% on the day.
German Business Climate surprises with dip
Germany’s Ifo Business Climate surprised on the downside, declining to 88.6 in June. This was down from 89.3 in May and missed the market estimate of 89.7. Business expectations eased to 89.0, down from 90.4 in May. The German economy, the largest in Europe, has been stagnating. Germany’s inflation rate fell to a three-year low of 2.2% in March and April, but then rose to…