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ZEW: Poor economic sentiment reflects high degree of nervousness over the German growth outlook

Following the release of the German ZEW Surveys, headlines crossed the wires from the ZEW, explaining that the significant decrease of economic sentiment indicator reflects high degree of nervousness over the future path of growth in Germany.

EUR/USD drops further to 1.1760 post-ZEW

The demand for the shared currency stays on the defensive on Tuesday, sending EUR/USD to fresh daily lows near 1.1760. EUR/USD offered on mixed ZEW
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EUR/JPY refreshes session lows, near mid-128.00s on German ZEW

Having failed to sustain early up-move beyond the 129.00 handle, the EUR/JPY cross refreshed session lows following the release of German Zew economic
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