- Analytics
- News and Tools
- Market News
- German ZEW Economic Sentiment Index improves to 15.2 in January vs. 12.0 expected
German ZEW Economic Sentiment Index improves to 15.2 in January vs. 12.0 expected
- Germany’s ZEW Economic Sentiment Index climbs to 15.2 in January.
- EUR/USD is holding lower ground below 1.0900 after mixed ZEW surveys.
The headline German ZEW Economic Sentiment Index improved further to 15.2 in January from 12.8 in December. The market forecast was 12.0.
However, the Current Situation Index dropped to -77.3 from -77.1 prior, missing estimates of -77.0.
The Eurozone ZEW Economic Sentiment Index came in at 22.7 in the same period, as against the December reading of 23.0. The data exceeded expectations of 21.9.
Key points
Economic expectations for Germany have improved again.
This is because now more than half of the respondents assume that the ECB will make interest rate cuts in the first half of the year.
There are even more pronounced shifts in the US interest rate expectations.
More than two-thirds of the respondents predict interest rate cuts by the US Fed in the next six months.
The rise in inflation in Germany and the Eurozone in December thus has no impact on the monetary policy expectations of the respondents.
Market reaction
The EUR/USD pair is testing intraday lows near 1.0880 after mixed ZEW surveys, losing 0.58% on the day.
Euro price today
The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the weakest against the US Dollar.
| USD | EUR | GBP | CAD | AUD | JPY | NZD | CHF | |
| USD | 0.53% | 0.57% | 0.45% | 0.68% | 0.51% | 0.49% | 0.53% | |
| EUR | -0.56% | 0.03% | -0.10% | 0.13% | -0.04% | -0.07% | -0.03% | |
| GBP | -0.59% | -0.07% | -0.16% | 0.15% | -0.09% | -0.09% | -0.07% | |
| CAD | -0.47% | 0.09% | 0.11% | 0.30% | 0.07% | 0.01% | 0.09% | |
| AUD | -0.69% | -0.21% | -0.15% | -0.31% | -0.23% | -0.23% | -0.22% | |
| JPY | -0.51% | 0.03% | 0.07% | -0.08% | 0.19% | 0.03% | 0.02% | |
| NZD | -0.49% | 0.03% | 0.09% | -0.08% | 0.23% | 0.00% | 0.02% | |
| CHF | -0.54% | 0.00% | 0.07% | -0.09% | 0.20% | -0.03% | -0.02% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent EUR (base)/JPY (quote).
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
