German ZEW Economic Sentiment Index slumps to 3.6 in September vs. 17.1 expected
Source Fxstreet
- Germany’s ZEW Economic Sentiment Index falls further to 3.6 in September.
- EUR/USD holds gains below 1.1150 after German and Eurozone ZEW surveys.
The headline German ZEW Economic Sentiment Index dropped further to 3.6 in September from 19.2 reported in August, missing the market expectations of 17.1 by a wide margin.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
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Gold price (XAU/USD) loses ground after registering gains in the previous day, trading around $4,050 per troy ounce during the Asian hours on Tuesday.
Oil prices remain depressed on Tuesday, as hopes of a new round of peace talks between the US and Iran boosted hopes of a de-escalation of the Middle East conflict.
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – gains strong positive traction during the Asian session on Wednesday, snapping a three-day losing streak to an over two-week low touched the previous day.
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