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.