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Ifo Nugget: Now good news are bad news

Ifo Nugget: Now good news are bad news

With today’s release of the total Ifo data from the manufacturing sector we wanted to quickly touch upon the main data points we are looking at. We particularly note that good news in Germany, is now bad news for the EUR, since an uptick in the industry means more gas buying, which in turn means more FX outflow.

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