{"id":137233,"date":"2023-09-02T06:11:54","date_gmt":"2023-09-02T00:41:54","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=137233"},"modified":"2023-09-02T06:11:54","modified_gmt":"2023-09-02T00:41:54","slug":"german-zew-economic-sentiment-index-improves-to-12-3-in-august-vs-14-4-expected-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/german-zew-economic-sentiment-index-improves-to-12-3-in-august-vs-14-4-expected-crypto-news\/","title":{"rendered":"German ZEW Economic Sentiment Index improves to -12.3 in August vs. -14.4 expected &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<p>\n                        <span class=\"fxs_socialmedia_bar_share_label\">Share:<\/span><\/p>\n<ul>\n<li><strong>Germany\u2019s ZEW Economic Sentiment Index improved in August, while Current Situation Index declined.<\/strong><\/li>\n<li><strong>EUR\/USD stays in daily range above 1.0900 following the latest data.<\/strong><\/li>\n<\/ul>\n<p>The German ZEW headline number showed that the Economic Sentiment Index improved to -12.3 in August from -14.7 in July. This reading came in better than the market expectation of -14.4. Similarly, Economic Sentiment Index for the Eurozone rose to -5.5 from -12.2 in the same period.<\/p>\n<p>On a negative note, the Current Situation Index for Germany declined to -71.3 from -59.5, missing analysts&#8217; estimate of -63.<\/p>\n<h2 class=\"fxs_headline_medium\">Key takeaways<\/h2>\n<p>&#8220;Indicator of economic sentiment remains in negative territory, though it shows a slight improvement compared to the previous month.&#8221;<\/p>\n<p>&#8220;Financial market experts thus anticipate a slight uptick in the economic situation by yearend.&#8221;<\/p>\n<p>&#8220;However, these heightened expectations need to be viewed in the context of a significantly worsened assessment of the current economic situation in Germany.&#8221;<\/p>\n<p>&#8220;Respondents, by and large, do not anticipate any further interest rate hikes in the eurozone and the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/economic-calendar\/united-states\">United States<\/a> and the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/rates-charts\/forecast\">economic outlook<\/a> for the USA has seen a significant increase \u2013 these factors contribute to the improved expectations for Germany.&#8221;<\/p>\n<h3 class=\"fxs_headline_medium\">Market reaction<\/h3>\n<p>EUR\/USD showed no immediate reaction to mixed sentiment reading and the pair was last seen rising 0.2% on the day at 1.0925.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Share: Germany\u2019s ZEW Economic Sentiment Index improved in August, while Current Situation Index declined. EUR\/USD stays in daily range above 1.0900 following the latest data. The German ZEW headline number showed that the Economic Sentiment Index improved to -12.3 in August from -14.7 in July. This reading came in better than the market expectation of [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":24708,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,843,747,728,255,250,333,252,247,253,249,410,256,254],"class_list":["post-137233","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-economicindicator","tag-europe","tag-germany","tag-gta","tag-looks-rare","tag-macroeconomics","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-sentiment","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/137233","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=137233"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/137233\/revisions"}],"predecessor-version":[{"id":137234,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/137233\/revisions\/137234"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/24708"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=137233"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=137233"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=137233"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}