The German ZEW Economic statement was released early Tuesday morning. No need to be intimidated by the name, it is simply the indication of what investors and analysts think about Germany.
The economic sentiment increased by 5.7 points to the 42.00 point-mark. The historical average of the index is 23.7 points and this month’s investor sentiment is the highest Germany has seen since March 2013.
Economic analysts expected that the index would raise 4 points up to 40.3, instead 42.0 was reached. In spite of great news, the EUR is losing against the dollar for the third day in a row after touching the 1.3400.
Recent improved expectations for the euro zone have likely contributed to the positive ZEW report.
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