Skip to main content

German ZEW index improvement already priced into the EUR/USD?

The German December ZEW economic sentiment index has just been released and it was markedly better in terms of the headline reading. The consensus for the index was for a slightly lower reading of 8.8, down from the prior 9.8 reading. It has improved to 12.8. The current conditions reading stood at -77.1 which was slightly lower than forecast, but better than the previous reading of -79.8. The reaction across the markets has not been much at all so far. The EUR/USD had already lifted close to 1.08 ahead of this data and that might help to explain the so far, rather underwhelming reaction to it. The EUR/USD is currently trading at 1.0794

Ready to Get Started?

Start here. Join 2.9M Libertex users around the world!