German ZEW Economic Sentiment Index improves to -59.2 in October vs. -65.7 expected

• German ZEW Economic Sentiment arrived at -59.2 in October vs. -65.7 expected.
• The ZEW Current Situation for Germany came in at -72.2 in October vs. -68.0 expected.
• EUR/USD hovers above 1.0150 despite downbeat German and Eurozone data.

The German ZEW headline numbers for October showed that the Economic Sentiment Index improved to -59.2 while beating estimates of -65.7 vs. -61.9 previous.

Meanwhile, the Current Situation sub-index arrived at -72.2 in October vs. -68.0 expectations and September’s -60.5.

The Eurozone ZEW Economic Sentiment Index stood at -59.7 in the current month as compared to the -60.7 previous reading and -60.6 expected.