German ZEW Economic Sentiment Index climbed to 9.8 in November vs. 5.0 expected

  • Germany’s ZEW Economic Sentiment Index improved to 9.8 in November.
  • EUR/USD is holding higher near 1.0720 after the mixed ZEW surveys.

The German ZEW headline number showed that the Economic Sentiment Index improved further in November, arriving at 9.8 from -1.1 in October while beating the estimates of 5.0.

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European Monetary Union ZEW Survey – Economic Sentiment: 13.8 (November) vs 2.3

European Monetary Union ZEW Survey – Economic Sentiment: 13.8 (November) vs 2.3
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USD/JPY now faces the next resistance at 152.50 – UOB

Further upside momentum could lift USD/JPY to its next target of 152.50 in the next few weeks, according to UOB Group’s Markets Strategist Quek Ser Leang and Economist Lee Sue Ann.
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