Latest data released by ZEW - 10 July 2018
- Prior 80.6
- Survey expectations -24.7 vs -18.9 expected
- Prior -16.1
- Eurozone survey expectations -18.7 vs -12.6 prior
Slight delay in the release by the source. Soggy data again for the ZEW survey, missing expectations by quite a margin. That's not going to help the euro when it is already under pressure against the dollar on the day. EUR/USD touches a session low of 1.1717 now on the release of the figures above.
The softer data here continues to highlight declining investor sentiment towards the Eurozone economy and that isn't a good thing in terms of the outlook moving forward - especially when we have global trade tensions still ongoing.
