The index Eurozone Economic Sentiment ZEW It has fallen 3.4 points in September, according to the ZEW institute. The indicator has been placed at -8.9 points compared to -5.5 in August, its lowest level in two months. This is the fifth consecutive month in which the indicator is in negative territory.
He Germany’s ZEW Economic Sentiment has improved 1.1 points, moderating to -11.4 from -12.3 the previous month, obtaining its best result in three months. The figure notably improves the drop to -15 points expected by the market.
He German current situation ZEW has dropped to -79.4 points from the previous -71.3, worsening the -75 expected. The indicator worsens for the fifth consecutive month, reaching its worst record in three years, since August 2020.
EUR/USD reaction
EUR/USD fell at the European open to 1.0712, a new daily low. Following the ZEW data, the pair has reacted slightly higher, rising to 1.0723. At the time of writing, the cross is trading above 1.0720, losing 0.28% daily.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
