- Gradually increasing price level, uncertainty in labour market, may dampen consumption
- Upward trend in economic expectations interupted for time being
- Strong boost to growth not expected over next year
- Economic recovery expected to proceed in “small steps”
EUR/USD already regaining its poise after brief ZEW-induced dip to 1.4975 area. We’re presently at 1.4995. Underlying sentiment for this pair remains pretty-much bullish. Interesting to see Deutsche looking for it to go higher still. See Mike’s post in user submitted articles.