16 Aug
Posted by: Bethany Colton in: Forex News
As market participants expect investor confidence in Germany to weaken for the fourth consecutive month in August, the data is likely to drag on the economic outlook, which could spark a selloff in the euro as market participants weigh the prospects for future growth.
Trading the News: German ZEW Survey
Why Is This Event Important:
However, as European policy makers hold an improved outlook for the region and expect the recovery to gather pace throughout the third-quarter, and unexpected rise in the ZEW survey could lead the EUR/USD to retrace the sharp decline from the previous week as growth prospects improve.