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The currency pair EUR/USD hits 1-month lows due to the weaker-than-expected economic data from the Eurozone and Germany. The ZEW Centre for Economic Research released the economic sentiment figures for May. German economic sentiment slid to 33.1 in May from 43.2 in April. Analysts had expected 41.3.
Eurozone’s economic sentiment declined to 55.2 in May from 61.2 in April. Analysts had forecasted 63.5.
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