The index ZEW economic sentiment for the Eurozone has risen almost 4 points in January, standing at 58.3 compared to the previous 54.4, well above the 45.5 expected by the market. This is the best score obtained by the indicator since last September.
The ZEW of German economic sentiment has jumped even more strongly, rising about 7 points from December 55 to 61.8 in January, exceeding the 60 predicted by the experts. This is the best result seen in four months.
He ZEW of current situation Germany has moderated slightly to -66.4 points from -66.5 in the previous month, improving the estimated -68.5.
Market reaction
He EUR/USD has reacted to the data with a rise of more than 10 pips that has taken it to new highs of two days around 1.2130. At time of writing, the pair is trading above 1.2127, gaining 0.43% on the day.
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