German ZEW Economic Sentiment Index drops unexpectedly to 79.8 in June

• German ZEW Economic Sentiment arrived at 79.8 in June, down from 84.4 previous.
• ZEW Current Situation for Germany came in at -9.1 in June vs. -40.1 in May.
• EUR/USD remains pressured below 1.2200 on mixed German and Eurozone data.

​​​​​​The German ZEW headline numbers for June showed that the Economic Sentiment Index worsened unexpectedly to 79.8 from 84.4 previous while beating estimates of 86.0.

Meanwhile, the Current Conditions sub-index recovered firmly to -9.1 in June as against -40.1 recorded in the previous month and -27.8 expectations.  

more to come ...