Sentiment among German financial analysts and institutional investors unexpectedly brightened in March, but remained at historically low levels, a survey from the Center for European Economic Research, or ZEW, showed Tuesday.

The ZEW think tank’s economic expectations index rose to -32.0 points from -39.5 points in February, beating economists’ forecasts of a reading of -40.0 points. The indicator was well below its historical average of 30.3 points.

The outcome gave the euro a boost to trade at $1.5451 at 1020 GMT, compared with $1.5400 ahead of the data.

Source: Dow Jones Newswire

This entry was posted on Tuesday, March 11th, 2008 at 11:52 am and is filed under FX. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.