The Belgian Business Sentiment survey is traditionally released a day before the Ifo survey and is thought to be closely correlated. That correlation appears to be breaking down as the Belgian survey has dipped for four straight months and Ifo has risen three of those four months and is expected to rise again tomorrow.
EUR/USD is range-bound after the latest rally stalled near 1.3000. Central bank bids are rumored on dips in the 1.2975/80 area. Small stops lie at 1.2970. Bids return in the 1.2945/55 zone.
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