German ZEW Economic Sentiment Index drops to 22.3 in October, misses estimates
|- German ZEW Economic Sentiment arrived at 22.3 in October, down from 26.5 previous.
- The ZEW Current Situation for Germany came in 21.6 at in October vs. 31.9 in September.
- EUR/USD remains unfazed around 1.1560 on downbeat ZEW data.
The German ZEW headline numbers for October showed that the Economic Sentiment Index worsened to 22.3 from 26.5 previous while missing estimates of 24.0.
Meanwhile, the Current Conditions sub-index dropped to 21.6 in October as against 31.9 recorded in the previous month and 29.5 expectations.
The Eurozone ZEW Economic Sentiment for October fell to 21.0 for the current month as compared to the 31.1 previous and 37.0 consensus forecast.
FX market reaction
The euro kept its retreat from daily highs intact on the downbeat ZEW Surveys, but EUR/USD held well above the 1.1550 level.
The spot was last seen trading at 1.1563, up 0.10% on the day.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.