The index Germany’s ZEW economic sentiment rose to 84.4 in May from 70.7 in April, significantly exceeding the 72 expected by the market. This is the best figure ever recorded in the data history.
The ZEW’s current situation has improved to -40.1 from -48.8 in April, also improving the -41.3 points predicted by experts. The May reading is the most moderate since February 2020.
For its part, the ZEW of economic sentiment in the Eurozone has shot up almost 18 points, rising to 84, the highest figure in history, from the previous 66.3. The result also improves the estimated figure of 71.2.
EUR / USD reaction
EUR / USD, which was regaining ground just before the release, is up 10 more pips on the data, rising to new highs for the day at 1.2169. At time of writing, the pair is trading above 1.2166, gaining 0.31% daily.
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