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.
