10:03 AM · 16 April 2024

EURUSD gains after higher ZEW reading

- Germany, ZEW Economic Sentiment index for April. Actual: 42.9 Expected: 36.0. Previous: 31.7

- ZEW Survey Current Situation Apr: -79.2 (Expected -76.0; Previous -80.5)

A recovering global economy is boosting expectations for Germany, with half of the respondents anticipating the country’s economy to pick up over the next six months.

Hawkish data that could theoretically encourage the ECB to consider future interest rate hikes. On the other hand, current conditions have performed worse than expected.

Source: xStation

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