ZEW data / German investor morale drops more than forecast

NEW YORK (Forex News Now) – German investors became unexpectedly pessimistic in October, data showed on Tuesday in one of the day’s major realtime forex news events.

In a report likely to impact currency market trading, the Mannheim-based ZEW think tank said its monthly poll of economic sentiment fell to -7.2 during the month, down from -4.3 in September.

Analysts had expected October’s figure to come in at -7, two major online FX trading news outlets reported.

Any reading of the closely watched-index above zero shows optimism.