Latest data released by ZEW - 17 April 2018
- Prior 90.7
- Survey expectations -8.2 vs -1.0 expected
- Prior 5.1
- Eurozone expectations 1.9 vs 13.4 prior
Soggy data for sentiment in Germany and the Eurozone. Expectations in particular dipping heavily as confidence continues to slide. ZEW attributes the fall to trade conflict.
The optimism is slowly fading for the Eurozone. EUR/USD down to 1.2383 on the day, also paring gains similar to sterling. EUR/GBP at 0.8641 near the highs. EUR/CHF at 1.1903, also near the highs.
