German ZEW Survey Overview
The ZEW will release its German Economic Sentiment Index and the Current Situation Index at 0900 GMT in the EU session later today, reflecting institutional investors’ opinions for the next six months.
The headline Economic Sentiment Index is expected to improve to 60.0 in June as against a 51.0 reading booked in the previous month. Meanwhile, the Current Situation Sub-Index is likely to arrive at -84.7 versus a -93.5 figure recorded last month.
How could they affect EUR/USD?
Optimism over additional stimulus to stimulate the economic recovery worldwide has sent the global stocks through the roof at the expense of the safe-haven US dollar. Therefore, amid broad US dollar weakness, the EUR/USD pair clings onto minor gai