Headlines the Economic Calendar on Friday

Headlines the Economic Calendar on Friday

1. German Ifo Business Climate

German IFO Business Climate Index will be published today. The index based on a survey of manufacturers, builders, wholesalers and retailers and it measures expectations of German Economic Activity for the next six months. The Index is expected to come out at 99.0.

2. Eurozone Consumer Price Index

Watch out for the Eurozone Consumer Price Index. On the year-on-year basis, the Eurozone CPI is expected to stay at 1.4%. A lower than expected reading will be negative for the single currency.

3. Canada Retail Sales Are Coming

Canada Retail Sales will be published today. Core Retail Sales excluding auto and gas are expected to come out at  -0.5% A lower than expected reading should be taken as negative for the Canadian Dollar.