EUR IS WEAK AGAINST USD

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The German Zentrum für Europäische Wirtschaftsforschung (ZEW) Economic Sentiment Index gauges the six-month economic outlook. A level above zero indicates optimism; below indicates pessimism. The reading is compiled from a survey of about 350 German institutional investors and analysts.  The data indicates a strong upward trend of EUR as compare to USD.  The actual figure is indicated by the ZEW release is 51 mark and forecast was around 32 whereas the previous figure was 28 which clearly proposes strong buying indication in the long run, but it also to be noted that around 60% are in favour selling Eur as compare to USD in today's trading session.  The performance of EUR depends more on USD index which is anticipated to go in upward trend which may restrict EUR to incline further in today’s trading session.  




The EUR/USD is right now trading around 1.0940 and is expected to trend downward in the opening session of NY Stock Exchanges and will continue till 1.0850


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