German ZEW Economic Sentiment Index declines to 13.0 in March vs. 16.4 expected

• Germany’s ZEW Economic Sentiment deteriorated in March.
• EUR/USD bulls remain unperturbed by the downbeat ZEW surveys, near 1.0750.

The German ZEW headline number showed that the Economic Sentiment Index worsened in March, arriving at 13.0 from 28.1 in January, missing the market expectation of 16.4.

Meanwhile, the Current Situation Index came in at -46.5 from -45.1, worse than the market expectation of -45.8.

During the same period, the Eurozone ZEW Economic Sentiment Index slumped to 10.0 from 29.7, compared to the estimates of 23.2.