Investing.com - German business confidence edged a tad lower in September, but remained close to the highest level on record, suggesting momentum in the euro zone's biggest economy remains strong.
The Ifo German research institute said its Business Climate Index dipped to a seasonally adjusted 115.2 this month from a reading of 115.7 in August, missing forecasts for 116.0.
The Current Assessment Index decreased to 123.6 in September from 124.7 a month earlier and below expectations for 124.8.
The Business Expectations Index, which measures attitudes toward business prospects over the next six months, inched down to 107.4 this month from 107.8, falling short of forecasts for a reading of 107.9.
The monthly index is based on a survey of around 7,000 German firms in the manufacturing, construction, wholesale and retail sectors.
EUR/USD was at 1.1903 from around 1.1909 ahead of the release of the data, while EUR/GBP was at 0.8807 from 0.8812 earlier.
Meanwhile, European stock markets were mostly higher after the open. Germany's DAX rose 0.2%, he EURO STOXX 50 tacked on 0.2%, France’s CAC 40 inched up 0.1%, while London’s FTSE 100 shed 0.2%.