German ZEW Economic Sentiment Hits 13.8, Within Expectations

No major surprises in Germany’s ZEW report: the headline economic sentiment figure stand at 13.8 points in December, unchanged from November. The Current Conditions component is up to 63.5 points, better than 59.1 predicted and 58.8 last month.

In a separate release, euro-zone unemployment rose 0.2% in Q3, slower than 0.4% seen beforehand. Year over year, employment grew by 1.2%.

EUR/USD is not moving in the immediate aftermath, and that makes sense with the lack of a real surprise.

Germany´s ZEW institute was expected to print a better read in its economic sentiment figureÑ 14.2 points in December, after 13.8 in November. Any score above 0 represents optimism about the economic prospects.

EUR/USD traded around 1.0620 ahead of the publication. With no news around it, EUR/USD managed to recover from Draghi’s dovishness but lost some ground just before the data came out.

More: EUR falls, but declines are limited.

Here is the EUR/USD chart: