- Germany’s ZEW Financial Sentiment Index fell to 34.7 in August.
- EUR/USD hovers above 1.1600 after German and Eurozone ZEW surveys.
The headline German ZEW Financial Sentiment Index fell to 34.7 in August from 52.7 in July, lacking the market forecast of 40.
The Present State of affairs Index declined to -68.6 in the identical interval, as towards the July studying of -59.5. The market expectations have been for -65 studying.
The Eurozone ZEW Financial Sentiment Index stood at 25.1 in August from 36.1 in July. Information missed the estimated print of 28.1.
Key factors
Monetary market consultants are dissatisfied from the introduced EU–US commerce deal.
Outlook has worsened specifically for the chemical and pharmaceutical industries.
Mechanical engineering and steel sectors in addition to the automotive business are additionally severely affected.
Market response
The EUR/USD pair retains its vary play intact simply above 1.1600 after the downbeat German and Eurozone ZEW surveys. The pair is buying and selling flat on the day at round 1.1615, as of writing.
Euro PRICE Right this moment
The desk beneath reveals the proportion change of Euro (EUR) towards listed main currencies at present. Euro was the weakest towards the Swiss Franc.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.03% | -0.24% | 0.18% | 0.08% | 0.28% | 0.16% | -0.32% | |
| EUR | -0.03% | -0.25% | 0.16% | 0.08% | 0.28% | 0.16% | -0.31% | |
| GBP | 0.24% | 0.25% | 0.52% | 0.33% | 0.53% | 0.42% | -0.07% | |
| JPY | -0.18% | -0.16% | -0.52% | -0.08% | 0.09% | -0.02% | -0.39% | |
| CAD | -0.08% | -0.08% | -0.33% | 0.08% | 0.23% | 0.07% | -0.39% | |
| AUD | -0.28% | -0.28% | -0.53% | -0.09% | -0.23% | -0.12% | -0.59% | |
| NZD | -0.16% | -0.16% | -0.42% | 0.02% | -0.07% | 0.12% | -0.57% | |
| CHF | 0.32% | 0.31% | 0.07% | 0.39% | 0.39% | 0.59% | 0.57% |
The warmth map reveals proportion adjustments of main currencies towards one another. The bottom forex is picked from the left column, whereas the quote forex is picked from the highest row. For instance, in the event you decide the Euro from the left column and transfer alongside the horizontal line to the US Greenback, the proportion change displayed within the field will symbolize EUR (base)/USD (quote).
