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German ZEW Economic Sentiment Index improves to 15.2 in January vs. 12.0 expected

  • Germany’s ZEW Economic Sentiment Index climbs to 15.2 in January.
  • EUR/USD is holding lower ground below 1.0900 after mixed ZEW surveys.

The headline German ZEW Economic Sentiment Index improved further to 15.2 in January from 12.8 in December. The market forecast was 12.0.

However, the Current Situation Index dropped to -77.3 from -77.1 prior, missing estimates of -77.0.

The Eurozone ZEW Economic Sentiment Index came in at 22.7 in the same period, as against the December reading of 23.0. The data exceeded expectations of 21.9.

Key points

more to come ...

Market reaction

The EUR/USD pair is testing intraday lows near 1.0880 after mixed ZEW surveys, losing 0.58% on the day.

Euro price today

The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the weakest against the US Dollar.

  USD EUR GBP CAD AUD JPY NZD CHF
USD   0.53% 0.57% 0.45% 0.68% 0.51% 0.49% 0.53%
EUR -0.56%   0.03% -0.10% 0.13% -0.04% -0.07% -0.03%
GBP -0.59% -0.07%   -0.16% 0.15% -0.09% -0.09% -0.07%
CAD -0.47% 0.09% 0.11%   0.30% 0.07% 0.01% 0.09%
AUD -0.69% -0.21% -0.15% -0.31%   -0.23% -0.23% -0.22%
JPY -0.51% 0.03% 0.07% -0.08% 0.19%   0.03% 0.02%
NZD -0.49% 0.03% 0.09% -0.08% 0.23% 0.00%   0.02%
CHF -0.54% 0.00% 0.07% -0.09% 0.20% -0.03% -0.02%  

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent EUR (base)/JPY (quote).

 

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