The index Germany’s ZEW economic sentiment has risen to 71.2 points in February, far exceeding the 61.8 in January and the 59.5 expected by the market. This is the highest figure seen by the indicator in five months, specifically since September 2020, when it reached 77.4 points.
The current German ZEW is not so optimistic, falling to -67.2 in the same period, worsening the previous -66.4 and the -67 estimates.
The ZEW economic sentiment in the euro zone has risen more than 11 points to 69.6 from 58.3, notably improving the 57 planned, also being his best result since last September.
EUR / USD reaction
The EUR/USD has reacted to the positive GDP and ZEW sentiment data by holding firm to the three-week highs previously reached at 1.2157. At time of writing, the pair is trading above 1.2154, up 0.20% on the day.
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