Ifo: Euro FX rate is no impediment to German economy

An economist at the Ifo is out with their afterthoughts on the latest German Ifo surveys, which surprise markets to the upside.

Key Points:

Euro FX rate is no impediment to German economy

German companies are experienced in managing FX moves

Not worried about Brexit impact on German economy

Mtg appears to knock German economy off course at the moment

Sees no impact from Trump on German economy

Legal security in Turkey is very important to German business but no current impact