German and EU ZEW data for April 2018 on 17.04.2018

  • prior ZEW indicator 5.1
  • German ZEW current conditions 87.9 vs 88.0 exp, prior 90.7
  • EU ZEW Economic sentiment 1.9 vs 7.3 expected, prior 13.4

Fall in sentiment attributed to trade conflict. But fall it is still. After the weaker Italian CPI, I reckon EUR will find offers mainly through the crosses if USD won’t collaborate.

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