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EUR/USD Sees Some Profit Taking As IFO Misses Forecasts

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Market Drivers September 24, 2013 IFO misses slightly, but expectations up UK BBA mortgages 38.2K vs. 38.6K -highest since 2009 Nikkei -0.67% Europe 0.25% Oil $103/bbl Gold $1318/oz. Europe and Asia: EUR GE IFO 107.7 vs. 108.4 EUR GE IFO expectations UK BBA mortgage 38.2K vs. 38.6K North America: CAD Retail Sales 8:30 USD Consumer Confidence 10:00 The EUR/USD weakened a bit today in early morning European dealing after the IFO data slightly missed expectations but still managed to show a small Reported by FXstreet.com 34 minutes ago.

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