German ZEW Economic Sentiment Index declines to 10.3 in January vs. 15.3 expected

Germany’s ZEW Economic Sentiment Index dropped to 10.3 in January.
EUR/USD holds losses near 1.0350 after German and Eurozone ZEW surveys.

The headline German ZEW Economic Sentiment Index declined to 10.3 in January from 15.7 in December, missing the market consensus of 15.3.

The Current Situation Index improved to -90.4 in the same period, as against December’s -93.1 figure. Data beat the expected -93.1 reading.

Jan 21, 2025

Eurozone ZEW Survey – Economic Sentiment came in at 18, above forecasts (16.9) in January

USD/JPY: Below 154.90, the next objective is at 154.40 – UOB Group

US Dollar (USD) could break 154.90; the next major support at 154.40 is likely out of reach for now. In the longer run, USD remains weak; if it breaks below 154.90, the next objective will be at 154.40, UOB Group’s FX analysts Quek Ser Leang and Lee Sue Ann note.