German ZEW economic sentiment comes in at -22.8 for October vs. -27.0 expected – EUR/USD moves little

The German ZEW headline numbers for October showed that the economic sentiment index bettered market expectations and came in at -22.8 as compared to -27.0 expected and 22.5 previous. Meanwhile, the current conditions sub-index also deteriorated further from -19.9 previous and fell to -25.3 in October, though was slight better-than consensus estimates pointing to a reading of -26.0.
 
Meanwhile, the Euro-zone ZEW economic sentiment for October arrived at -23.5 vs. -33.0 expected and -22.4 in the previous month.