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ZEW economic sentiment for April falls to -43, its lowest level since March 2020

The index ZEW eurozone economic sentiment has dipped in April, slipping to -43 from -38.7, its most negative figure in more than two years, specifically since March 2020.

The ZEW index of economic sentiment in Germany has fallen in April to -41 points from -39.3 in March, its lowest level in two months. The result improves market forecasts, which expected a drop to -48.

The German ZEW current situation has fallen to -30.8 from -21.4, showing its worst result in eleven months, since May 2021. The figure, in any case, improves the consensus, which foresaw a drop to -35 points.

EUR/USD reaction

EUR/USD maintains the negative tone after the sentiment data, although it has barely moved from around the 1.0860/65 zone. Earlier, the pair has fallen to a fresh two-day low at 1.0853.

Source: Fx Street

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