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Germany: ZEW Survey - Current Situation down to 8.9 in May from 9.2 in Apr

Forex: EUR/USD testing 1.3000 after soft ZEW Survey in Germany

The EUR/USD has remained buoyed in positive territory Tuesday, though has traded off its overnight highs at 1.3027. Since then, the European session has consisted an easing movement, furthered after the release of economic data in Germany and the EMU. In these moments, the pair has fallen back below the 1.3000 level to trade at 1.2990/91, up +0.13%.
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Germany: ZEW Survey – Economic Sentiment almost unchanged in May

The German ZEW Survey – Economic Sentiment improved slightly to 36.4 points in May, from 36.3 points in April, the Zentrum für Europäische Wirtschaftsforschung reported today. Market consensus pointed to more increase to 38.3 points.
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