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The Euro slipped against the US Dollar on the report, revealing some signs of pessimism among the German investors this month. The EUR/USD currency pair lost 13 base points or 0.11%, to touch the presumed level of support at 1.1770.
German investors' mood worsened more than anticipated in December, reflecting uncertainties over the regulations of a government to be formed, reforms in the EU and Britain's quit from the bloc. The Mannheim-based Centre for European Economic Research stated that its German Economic Sentiment Index came in at 17.4 points for the current month, compared with 18.7 in November. Meanwhile, a separate gauge of the current conditions' assessment rose to 89.3.
| Historical Data Table: ZEW Economic Sentiment | Economic Calendar for 14.12.2017 | ||||||||
| Date | 22.08.2017 | 19.09.2017 | 17.10.2017 | 14.11.2017 | 12.12.2017 | 1:30 PM | US Consumer Price Index | ||
| Actual | 10.0 | 17.0 | 17.6 | 18.7 | 17.4 | 7:00 PM | Fed Interest Rate Decision | ||
| Forecast | 14.8 | 12.3 | 20.1 | 19.8 | 17.9 | 7:30 PM | FOMC Press Conference | ||
| Initial Reaction on Main Pairs | SWFX Sentiment Indexes | ||||||||
| Open Price | Close Price | % Change | Longs | Shorts | |||||
| EUR/USD | 1.17841 | 1.17713 | -0.11% | EUR/USD | 46.65% | 53.35% | |||
| EUR/GBP | 0.88307 | 0.88422 | 0.13% | EUR/GBP | 38.29% | 61.71% | |||
| EUR/CHF | 1.16605 | 1.16603 | 0.00% | EUR/CHF | 26.65% | 73.35% | |||
| EUR/JPY | 133.697 | 133.578 | -0.09% | EUR/JPY | 37.16% | 62.84% | |||