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EUR Confidence

Forex News: German Consumer Confidence Released

Posted by Mr. Danish FX on Thu, 03/27/2008 - 3:01am in

The German Consumer Confidence number comes out at 4.6 from the previous 4.5.  This number was forecast at 4.4.

This number gauges the mood of consumers regarding economic conditions.  The higher the reading means higher levels in optimism with regards to the consumer.  This in return leads to more purchasing of both services and goods.