Forex Trading News: EUROZONE and German ZEW Economic Sentiment Data Released
Posted by Mr. Danish FX on Tue, 05/20/2008 - 4:02am in
The German ZEW Economic Sentiment comes out lower at -41.4 from the previous -40.7. This was forecast at -37.5.
The EUROZONE ZEW comes out at -43.6 from the previous -44.8. This was forecast at -44.2.
The EUR took a drop across the board after the weaker than forecast German ZEW and pretty much on par EUROZONE data. The USD got firmer vs. the EUR after this data, gaining about 20 PIPS initially.
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