German IFO Expectations Index jumped to 102.9 in May vs. 101.4 expected, EUR/USD off four-month highs

• German IFO Business Climate Index came in at 99.2 in May.
• IFO Current Economic Assessment rose to 95.7 this month.
• May German IFO Expectations Index arrived at 102.9.

The headline German IFO Business Climate Index rose to 99.2 May versus last month's 96.8, beating the consensus estimates of 98.2.

Meanwhile, the Current Economic Assessment arrived at 95.7 points in the reported month as compared to last month's 94.1 and 95.5 anticipated.

The IFO Expectations Index – indicating firms’ projections for the next six months, improved firmly to 102.9 in May from the previous month’s 99.5 reading and better than the market expectations of 101.4.

more to come .,..