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Germany: ZEW Survey – Economic Sentiment almost unchanged in May

FXstreet.com (Barcelona) - 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.

The German ZEW Survey – Current Situation fell to 8.9 points from 9.2 points and against forecasts of rising to 10 points.

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

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Forex: EUR/JPY holding in negative territory at 131.85/87 after German ZEW

The EUR/JPY downtrend has held intact after soft economic data was promptly revealed out of Germany and the EMU during European trading. The yen has continued to strengthen across the board as well Tuesday, culminating in most majors losing ground against the currency. At the time of writing, the pair is now settling at 131.85/87.
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