Forex News Euribor contracts rise on the release of weaker-than-forecast German business sentiment data and euro-zone PMI data. Germany's July Ifo business sentiment forecast fell to 97.5, versus a forecast 100.2, and 101.3 previously. The euro-zone July PMI data also fell, with the composite index at 47.8, versus a forecast 48.7 and 49.3 previously, the manufacturing index at 47.5 versus a forecast 48.7 and 49.3 previously, and the services index at 48.3, versus a forecast 48.5 and 49.1 previously. December Euribor, which had been trading around 94.85, is currently up 0.045 at 94.865.
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