German ZEW Survey - Economic Sentiment turns negative, arrives at -0.5

German ZEW Survey - Economic Sentiment arrives at -0.5 in March. Economists expected the sentiment data to come in lower at 38.7 from 58.3 in February.

The ZEW Survey - Current Situation unexpectedly improves to -62.9 from -65.9 in February. The data was expected to deteriorate further to -67.1

In the Eurozone, the ZEW Survey - Economic Sentiment also turns negative. The data arrives at -8.5 vs. 24.0 estimates and the previous release of 39.4.

Eurozone ZEW Survey – Economic Sentiment below expectations (24) in March: Actual (-8.5)

Eurozone ZEW Survey – Economic Sentiment below expectations (24) in March: Actual (-8.5)
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EUR/USD Price Forecast: Struggles to extend recovery above 1.1530

The EUR/USD pair holds onto Monday’s gains slightly above 1.1500 during the European trading session on Tuesday. The major currency pair trades firmly as the US Dollar (USD) has come under pressure ahead of the Federal Reserve’s (Fed) monetary policy announcement on Wednesday.
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