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ZEW Survey

Posted on August 19, 2008 at 11:11 in Short-Term Analysis by Valeria Bednarik

The Survey showed that expectations are closer to weaker growth than recession, as these last days Euro depreciation and lower oil prices are seen positive for the Euro zone. The survey was better than expected yet the Euro/Usd barely move up on the publication, as one of the main factors of the positive reading is as I said, the Euro depreciation. Let’s see if we have a second impulse in the next minutes, or if price will remain steady around 1.4660.

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