Tuesday, April 12, 2011
Euro is not overawed to a decline in confidence in the ZEW
On the morning a more favorable tone of the euro does not affect news that the expectations of the German ZEW fell in April, more than expected. On the positive side, continued growth in the current assessment of the situation on the German ZEW, encouraging, and this is the ninth month of consecutive growth. Commenting on the results, the representative of the ZEW said that the high price of oil now represents a "significant risk" for the eurozone economy. Until now, the euro-bulls seem to ignore the risks. Remains to be seen how long this will last.