WHAT IT INFLUENCES: EUR and its subsequent pairs
WHAT'S HAPPENING: Economic Sentiment Index gauges the six-month economic outlook. A level above zero indicates optimism; below it indicates pessimism. The reading is compiled from a survey of roughly 350 German institutional investors and analysts. A reading that is stronger than forecast is usually positive or bullish for the EUR, while a weaker than forecast reading is generally negative or bearish for the EUR.
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