German ZEW economic sentiment dives to -44.1 in August, a huge miss – EUR/USD tests lows

The German ZEW headline numbers for August showed that the economic sentiment index came in at -44.1 versus -28.5 expectations and -24.5 last. While the sub-index current conditions figure dropped to -13.5 in August versus -7.0 expected and -1.1 booked previously.