The index Germany’s ZEW economic sentiment has fallen to 70.7 points in April from the 76.6 registered in March, considerably worsening the 79 points expected by the market. This is the worst result recorded by the indicator in the last three months.
The ZEW of the current German situation, for its part, has improved to -48.8 points from the -61 of the previous month, also moderating the -53 estimated by the market.
The ZEW of economic sentiment in the Eurozone has fallen to 66.3 in April from 74 in March, disappointing the 73.2 forecast. This is the lowest reading seen since last January.
EUR / USD reaction
The EUR / USD has reacted to the data with a slight drop of almost 10 pips. At time of writing, the pair is trading above 1.1894, shedding 0.13% daily.
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