German Zew Economic Survey came in at 39.5, weaker than the 47.8 expected.
Euro-zone Zew Economic Survey came in at 39.5, weaker than the 44.5 expected.
Both numbers do not bode well for the Euro as it is trading off about 20 pips at 1.3973 vs Usd and 130.17 vs Jpy.
ZEW economists went on to say risks for the future remain centered on household and business lending levels
Stabilization of ZEW index confirms view that economy to shrink by 6% in current year which is what German governmnet expects.
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