The currency
pair EUR/USD hits 1-month lows due to the weaker-than-expected economic data
from the Eurozone and Germany. The ZEW Centre for Economic Research released
the economic sentiment figures for May. German economic sentiment slid to 33.1 in
May from 43.2 in April. Analysts had expected 41.3.
Eurozone’s
economic sentiment declined to 55.2 in May from 61.2 in April. Analysts had
forecasted 63.5.