German ZEW economic sentiment drops to -22.5 in Sept, beats estimates – EUR/USD stays above 1.10

The German ZEW headline numbers for September showed that the economic sentiment index came in at -22.5 versus -37.0 expectations and -44.1 last. While the sub-index current conditions figure dropped to -19.9 in August versus -15.0 expected and -13.5 booked previously.