The Ifo index measuring confidence in Germany fell to 87.3 in July, compared to 88.6 in June, while it had been expected to rise to 88.0. I

n details, the current situation index declined to 91.3 compared to 93.7 in June, while the expectations index fell to 83.5 from 83.8. The euro is trading at 1.1060 levels against the US dollar, on declines, and trading at its lowest level in two weeks, in the middle of the European session today, Tuesday.