The Federal Reserve has already raised interest rates twice this year.
German ZEW economic sentiment tacks on in January
In January, German economic sentiment inched up more than anticipated, while the current conditions index reached a record maximum, driving optimism over the strength of the EU’s number one economy, as industry data reported on Tuesday.
The ZEW Centre for Economic Research told that its index of German economic sentiment inched up to 20.4 in January versus December’s result of 17.4. Market experts had hoped the index would rally to 17.8 in January.
As a matter of fact, on the index, a reading above 0.0 is upbeat, while an outcome below 0.0 traditionally indicates pessimism.
Aside from that, the current conditions Index rallied to 95.2 in January from December’s outcome of 89.3, versus hopes for a smaller ascend to 89.8. Additionally, it turned to be the highest value since the poll started to be elaborated in 1991.
In January, the index of euro zone economic sentiment managed to grow to 31.8 from 29.0 in December.
On Monday, the US dollar index plunged from 96.40 to 95.70.
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