Germany - ZEW index of economic sentiment for January:
- Current situation: Currently: -90.4. Forecast -93.1; previously -93.1;
Economic sentiment: Current: 10.3. Forecast 15.2; previously 15.7;
The second consecutive year of recession caused economic expectations in Germany to fall - A lack of private household spending and subdued demand in the construction sector continue to stall the German economy.
The EURUSD pair reacted with moderate declines to the ZEW data reading,
USDJPY Nearing 160
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