German ZEW Economic Sentiment Index improves to 28.1 in February vs. 22.0 expected

• Economic sentiment in Germany and the Eurozone improved further in February.
• EUR/USD remains uninspired by the upbeat ZEW surveys, holding lower ground around 1.0660.

The German ZEW headline number showed that the Economic Sentiment Index improved further, arriving at 28.1 in February from 16.9 in January, beating the market expectation of 22.0.