Germany March ZEW survey current situation 90.7 vs 90.0 exp

German March ZEW data now out 20 March

• 92.3 prev
• expectations 5.1 vs 13  exp vs 17.8 prev
• EZ expectations  13.4 vs 29.3 prev

A much softer expectations reading the stand out here

Says the ZEW:

• concerns over US led global trade conflict have made German investors more cautious
• strong euro also hampering outlook for Germany
• outlook still positive largely despite risks

EURUSD down to session lows of 1.2312 having taken out some decent bids/support between 1.2320-30

EURGBP down to 0.8776 and EURJPY 130.94 but a little USD demand prevailing with USDJPY back up to 106.35