EUR/USD eases to 1.0450 after German ZEW Economic Sentiment Index steadies at -34.3 in June

• German ZEW Economic Sentiment arrived at -34.3 in June vs. –34.3 previous.
• The ZEW Current Situation for Germany came in at -36.5 in June vs. -36.5 prior.
• EUR/USD keeps its range below 1.0500 on downbeat German and Eurozone data.

The German ZEW headline numbers for June showed that the Economic Sentiment Index unexpectedly remained unchanged at-34.3 while missing estimates of -27.5.

Meanwhile, the Current Situation sub-index also held steady at -36.5 in June vs. -31.0 expectations.  

The Eurozone ZEW Economic Sentiment Index stood at -28.0 in the current month as compared to the -29.5 previous reading and -24.3 expected.  

more to come ...