In terms of data releases we have a very light global calendar. In Germany the GfKconsumer confidence for September is released. It is usually not a figure we followclosely but it is a bit interesting that consumer confidence has continued to increase in2014, whereas business surveys have in general trended lower since January. Thedevelopment in consumer confidence is in line with our view that privateconsumption in Germany is doing well, although the economy contracted in Q2.
Read the full report: FX Daily
