September 2018 German ZEW economic sentiment index 11 September 2018
- Prior -13.7
- Current conditions 76 vs 72 exp. Prior 72.6
- Eurozone ZEW -7.2 vs -11.1 prior
- Currency crisis in Turkey andArgentina intensified while German industrial production and incoming orders were surprisingly low
- Despite theses unfavourable circumstances, economic expectations for Germany improved
EURUSD not retracing much of the decline we’ve just seen.