Germany’s ZEW Economic Sentiment improved less than expected in April.
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- Germany’s ZEW Economic Sentiment improved less than expected in April.
- EUR/USD bulls keep highs near 1.0980 on the mixed ZEW surveys.
The German ZEW headline number showed that the Economic Sentiment Index improved slightly in April, arriving at 4.1 from 13.0 in March, missing the market expectation of 15.1 by a wide margin.
Meanwhile, the Current Situation Index came in at -32.5 from -46.5, better than the market expectation of -40.0.
During the same period, the Eurozone ZEW Economic Sentiment Index worsened to 6.4 from 10.0, compared to the estimates of 19.8.
The EUR/USD pair has ignored the mixed data, holding the higher ground near 1.0980, up 0.47% on the day.
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