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21 Jan 2020
EUR/USD tests 1.1100 on German Jan ZEW Economic Sentiment big beat
- German ZEW Economic Sentiment arrives at 26.7 in Jan. vs. 15.0 expected.
- EUR/USD renews session highs and looks to regain the 1.11 handle.
The German ZEW headline numbers for January showed that the Economic Sentiment Index jumped to 26.7 versus 15.0 expectations and 10.7 last.
While the sub-index Current Conditions figure arrived at -9.5 in January versus -13.5 expected and -19.9 booked previously.
Meanwhile, the Eurozone ZEW economic sentiment for January stood at 25.6 in January vs. 5.5 expected and 11.2 last.
FX Implications
The shared currency received a fresh boost on upbeat German data release, with EUR/USD now renewing session highs at 1.1100.