Germany ’s ZEW Economic Sentiment Index jumps to 42.9 in April. EUR/USD remains uninspired by the upbeat German and EurozoneZEW surveys. However, the Current Situation Index improved from -80.5 to -79.2 in the same month. TheEurozoneZEW Economic Sentiment Index arrived at 43.9 in April, much higher than the March reading of 33.5. The data outpaced the market consensus of 37.2.
Key points A recovering global economy is boosting expectations for Germany, with half of the respondents anticipating the country’s economy to pick up over the next six months. Further contributing to the heightened optimism are the much-improved assessments of the situation and economic expectations in Germany’s export destinations. This is reflected, among other things, in the expected appreciation of the us dollar against the Euro.
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