23/5/2008 - the current market sentiment |
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The single currency was under strong pressure yesterday since March EU industrial orders release which have declined in a massive way by 2.5% y/y and the market was expecting increasing by 4.7% after Feb rise by 9.9%. The data have undermined the single currency after the unexpected rise of the germane ZEW current conditions index to 38.6 in May from 33.2 in April. May germane ZEW has declined slightly to -41.7 from -40.7 in April, it has been boosted today on the up beating IFO germane
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