Economic sentiment in Germany and the Eurozone improved further in February.
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- Economic sentiment in Germany and the Eurozone improved further in February.
- EUR/USD remains uninspired by the upbeat ZEW surveys, holding lower ground around 1.0660.
The German ZEW headline number showed that the Economic Sentiment Index improved further, arriving at 28.1 in February from 16.9 in January, beating the market expectation of 22.0.
Meanwhile, the Current Situation Index came in at -45.1 from -58.6 but outpaced the market expectation of -50.0
During the same period, the ZEW Economic Sentiment Index for the Eurozone jumped to 29.7 from 16.7.
The EUR/USD pair is uninspired by the upbeat data, keeping its range near 1.0660, down 0.22% on the day.
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