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Sep 12 - 07:55 AM

EUR/USD - ZEW Hints Worst Over For German Economy And EUR/USD Traders

By Jeremy Boulton  —  Sep 12 - 06:10 AM
  • Economic sentiment -11.4 in September beating f/c and improving from Aug

  • ZEW was seen -15.0 and from -12.3 in August

  • Result close to best seen in -20.0 to -10.0 range f/cs from 27 polled

  • While current conditions worsened - traders are focused on the future

  • Data may relive pressure on EUR/USD traders betting pair rises

  • EUR/USD chart hints at deeper EUR/USD decline nL1N3AO0F3

  • U.S. CPI has capacity to spark a resumption of EUR/USD uptrend nL1N3AO0JS

Source:
Refinitiv IFR Research/Market Commentary

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