German ZEW Economic Sentiment Index drops sharply to 19.2 in August vs. 38.0 expected

Germany’s ZEW Economic Sentiment Index slides to 19.2 in August.
EUR/USD eases toward 1.0900 after German and Eurozone ZEW surveys.

The headline German ZEW Economic Sentiment Index dropped sharply from 41.8 in July to 19.2 in August, missing the market consensus of 38.0.

more to come ....

Aug 13, 2024

Eurozone ZEW Survey – Economic Sentiment below expectations (35.4) in August: Actual (17.9)

AUD/USD: A bullish move towards 0.6660 is inevitable – UOB Group

There has been a slight increase in momentum; The Australian Dollar (AUD) must break clearly above 0.6600 before further advance towards 0.6660 can be expected, UOB Group FX strategists Quek Ser Leang and Peter Chia note.