The index ZEW economic sentiment from Germany for the month of February has risen to 54.3 points from 51.7 in January, improving the 53.5 expected by the market. This is its highest level in seven months, specifically since July 2021.
The current situation ZEW of the German country has also improved, moderating to -8.1 from the previous -10.2, although it does not reach the -7 expected by the market.
The ZEW Eurozone Economic Sentiment has fallen to 48.6 points in February from 49.4 in January, but better than the 38.4 estimated by the market.
EUR/USD reaction
With the euro rising on the activation of risk appetite, the EUR/USD pair hits its highest level of the day at 1.1353 to coincide with the release of European GDP and ZEW sentiment data for Europe and Germany. At time of writing, the cross is trading above 1.1352, gaining 0.51% so far this day.
Source: Fx Street
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