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Investor Confidence Falls in Germany

Posted by Scott Boyd at 9:11 am UTC, 08/18/2010

The ZEW Indicator of Economic Sentiment which measures German investor confidence fell this month on concerns that the current level of growth can not be sustained for the second half of the year. The Index fell from 21.2 in July to just 14 in August matching the lowest level since April 2009. Analysts had predicted a drop to 21 or 20.

Source: BBC News

Filed under: Forex Round Up, EUR

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May
24
Today’s Global
Market Events
8:30am
CAD
Corporate Profits q/q
9.0%
USD
Core Durable Goods Orders m/m
1.1% vs. -0.8%
USD
Unemployment Claims
372K vs. 370K
USD
Durable Goods Orders m/m
0.5% vs. -4.0%
9:00am
EUR
ECB President Draghi Speaks
EUR
Belgium NBB Business Climate
-10.6 vs. -10.7
10:30am
USD
FOMC Member Dudley Speaks
USD
Natural Gas Storage
77B vs. 61B
1:00pm
USD
FOMC Member Dudley Speaks
3:00pm
USD
Treasury Sec Geithner Speaks
7:30pm
JPY
Tokyo Core CPI y/y
-0.5% vs. -0.5%
JPY
National Core CPI y/y
0.1% vs. 0.2%