German ZEW Economic Sentiment Index improves to -8.5 in June vs. -13.0 expected

• Germany’s ZEW Economic Sentiment Index unexpectedly improved in June.
• EUR/USD is testing highs above 1.0800 after the mixed ZEW surveys.

The German ZEW headline number showed that the Economic Sentiment Index unexpectedly improved in June, arriving at-8.5 from -10.7 seen in May while beating the market expectation of -13.0.

more to come ...