# The Euro Thumbs Nose at Recovering Business Confidence as Details Show Economy Still Deteriorating

> Germany's ZEW economic sentiment index for February rose to -13.4 from -15, but still signals pessimism. Investors' assessment of current conditions fell sharply, and the eurozone current-situation index dropped 4.3 points to -16.6. Analysts expect the eurozone and Germany to stay near stall speed in the first half of 2019.

- Date: 2019-02-19 · published 2019-02-19T12:00:00.000Z
- Category: report · region Eurozone · magnitude low
- Page: https://feedsoft.ai/events/60823-the-euro-thumbs-nose-at-recovering-business-confidence-as-details-show-economy
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Weak growth expectations in the eurozone tend to weigh on the euro against the dollar. That in turn can affect dollar-denominated feed commodity prices for European buyers.

## Read by commodity

- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2019-01-31 | [Euro-to-Dollar Rate: Economic Data Suggests There Could Be More Bad News to Come](https://feedsoft.ai/events/61306-euro-to-dollar-rate-economic-data-suggests-there-could-be-more-bad-news-to-come.md) | -0.3% | -0.4% |
| EURUSD | 2025-01-30 | [Eurozone economy stagnates in Q4 as Germany and France contract \| Euronews](https://feedsoft.ai/events/26730-eurozone-economy-stagnates-in-q4-as-germany-and-france-contract-euronews.md) | +0.0% | -0.0% |
| EURUSD | 2024-04-01 | [ECB staff macroeconomic projections for the euro area, March 2024](https://feedsoft.ai/events/31425-ecb-staff-macroeconomic-projections-for-the-euro-area-march-2024.md) | +0.5% | -1.0% |
| EURUSD | 2026-06-25 | [Euro stabilizes near 13-month lows against the US Dollar after in-line US inflation data](https://feedsoft.ai/events/19034-euro-stabilizes-near-13-month-lows-against-the-us-dollar-after-in-line-us.md) | +0.3% | +0.2% |
| EURUSD | 2024-02-28 | [Euro Area's Feb economic sentiment weakens, EUR/USD falls](https://feedsoft.ai/events/31886-euro-area-s-feb-economic-sentiment-weakens-eur-usd-falls.md) | +0.0% | -0.3% |

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/eurusd/10891-euro-thumbs-nose-at-recovery-of-german-business-confidence-as-details-show-outlook-still-deteriorating

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.