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German ZEW economic sentiment deteriorates sharply in August

The German ZEW headline numbers for August, showed that the headline economic sentiment worsened for the third month in a row, coming in at 10.0 versus 15.0 expectations and 17.5 seen last. While the sub-index current conditions unexpectedly rose to 86.7 versus 85.5 expected and 86.4 booked previously.

 

Germany ZEW Survey - Economic Sentiment came in at 10 below forecasts (15) in August

Germany ZEW Survey - Economic Sentiment came in at 10 below forecasts (15) in August
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EUR/USD drops further to 1.1760 post-ZEW

The demand for the shared currency stays on the defensive on Tuesday, sending EUR/USD to fresh daily lows near 1.1760. EUR/USD offered on mixed ZEW
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