Mixed German ZEW sees economic outlook deteriorate- EUR/USD slips slightly

The January reading of the German ZEW economic sentiment index has just now been released. As noted earlier, the markets were not expecting much change in either the current conditions, or the expectations. The index was last at -93.1. The markets expected a reading of -93.The actual reading was -90.4. Expectations were forecast at around 15.1 from 15.7 last time. Those have  fallen to just 10.3. Ahead of this release, the EUR/USD had set a new session low at 1.0342, following some dovish comments from an ECB official (Villeroy). It was trading just above 1.0350 leading into this report. It has subsequently fallen back a little and that is perhaps not at all surprising given that much lower outlook number. However, overall it has not really changed much yet, but this data was on balance not supportive.