Germany: ZEW survey handily beat expectations - BBH

Research Team at BBH, notes that the Germany's ZEW survey handily beat expectations, but this has not deterred the euro from being sold back to the pre-US jobs low near $1.1100. 

Key Quotes

“The assessment of the current situation rose to 59.5 from 55.1 in September.   It is the highest since January.  The expectations component rose to 6.2 from 0.5.  The median forecast was for a 4.0.  It is the best reading since June.  A break of the $1.1100 area would target the early-August low near $1.1045.”