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German ZEW Economic Sentiment Index drops unexpectedly to 79.8 in June

FX Street
Published date:
  • German ZEW Economic Sentiment arrived at 79.8 in June, down from 84.4 previous.
  • ZEW Current Situation for Germany came in at -9.1 in June vs. -40.1 in May.
  • EUR/USD remains pressured below 1.2200 on mixed German and Eurozone data.

“‹”‹”‹”‹”‹”‹The German ZEW headline numbers for June showed that the Economic Sentiment Index worsened unexpectedly to 79.8 from 84.4 previous and estimates of 86.0.

Meanwhile, the Current Conditions sub-index recovered firmly to -9.1 in June as against -40.1 recorded in the previous month and -27.8 expectations.  

 

more to come …

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