EUR/USD tests 1.1100 on German Jan ZEW Economic Sentiment big beat

German ZEW Economic Sentiment arrives at 26.7 in Jan. vs. 15.0 expected.
EUR/USD renews session highs and looks to regain the 1.11 handle.

The German ZEW headline numbers for January showed that the Economic Sentiment Index jumped to 26.7 versus 15.0 expectations and 10.7 last.

While the sub-index Current Conditions figure arrived at -9.5 in January versus -13.5 expected and -19.9 booked previously.

Meanwhile, the Eurozone ZEW economic sentiment for January stood at 25.6 in January vs. 5.5 expected and 11.2 last.

FX Implications

The shared currency received a fresh boost on upbeat German data release, with EUR/USD now renewing session highs at 1.1100.

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.

View all posts by FX Street