German ZEW Economic Sentiment lower than expected

The ZEW Economic Sentiment Index for Germany plummeted to -49.5 in March 2020, the well below market expectations of -26.4.That is the lowest headline reading since March 2010, with expectations also blown out of the water amid fears surrounding the economic fallout due to the coronavirus outbreak.

EUR/USD is testing new lows at 1.1090 currently.

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German ZEW Economic Sentiment lower than expected

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