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

ZEW says

  • 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.

Ryan Littlestone

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