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German ZEW Economic Sentiment Index rebounds to 25.2 in May vs. 11.9 expected

  • Germany’s ZEW Economic Sentiment Index bounced back to 25.2 in May.
  • EUR/USD consolidates recovery gains above 1.1100 after German and Eurozone ZEW surveys.

The headline German ZEW Economic Sentiment Index rebounded to 25.2 in May from -14 in April, beatimh the market consensus of 11.9 by a wide margin.

The Current Situation Index eased slightly to -82 in the same period, as against the April reading of -81.2. Data beat the estimated -77 reading.

Eurozone ZEW Survey – Economic Sentiment above expectations (-3.5) in May: Actual (11.6)

Eurozone ZEW Survey – Economic Sentiment above expectations (-3.5) in May: Actual (11.6)
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EUR/JPY holds losses below 164.50 after release of ZEW Economic Sentiment Surveys

EUR/JPY loses ground after registering more than 0.50% gains in the previous session, trading around 164.20 during the Asian hours on Tuesday. The currency cross remains subdued following the release of ZEW Economic Sentiment surveys from Germany and the Eurozone.
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