• German ZEW Economic Sentiment arrived at -34.3 in May vs. -41.0 previous.
  • The ZEW Current Situation for Germany came in at -36.5 in May vs. -30.8 prior.
  • EUR/USD keeps its range around 1.0575 on mixed German and Eurozone data.

The German ZEW headline numbers for May showed that the Economic Sentiment Index improved despite looming recession risks, coming in at -34.3 from -41.0 previous while beating estimates of -42.0 by a wide margin.

Meanwhile, the Current Situation sub-index slumped to -36.5 in May as against -30.8 recorded in the previous month and -35.0 expectations.  

more to come ….

FX market reaction

The euro remains unfazed by the mixed ZEW Surveys and Eurozone data. EUR/USD was last seen trading at 1.0575, up 0.17% on the day.

This article was originally published by Fxstreet.com.Read the original article here.

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