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EURUSD slightly down after ZEW data release

11:02 AM 21 January 2025

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,

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