Euro down despite sharp confidence data February 16, 2021SharePrint The euro is showing slight losses in the Tuesday session. Currently, EUR/USD is trading at 1.2110, down 0.15% on the day. German economic confidence accelerates The German economy continues to struggle under the weight of Covid-19, but there was some positive news on Tuesday. The well-respected ZEW Economic Sentiment survey climbed to 71.2 in January, up from 61.8 beforehand. This sharp gain was all the more impressive, as the street consensus projected a drop to 59.7. . The ZEW summed up the impressive data as follows: “The financial market experts are optimistic about the future. They are confident that the German economy will be back on the growth track within the next six months. Consumption and retail trade in particular are expected to recover significantly, accompanied by higher inflation expectations”