The data released moments before by the German economy and the eurozone economy showed a decline in the ZEW index, which measures economic confidence in Germany and the eurozone in the October survey, by about 4.2 points in Germany, to score 22.3 points, below expectations that indicated that it fell to 23.7, falling for the fifth time in a row.

In the details of the index, the assessment of the current economic situation in Germany fell to 21.6 points, back by about 10.3 points, compared to the September reading, affected by the supply chain crisis and supply bottlenecks for raw materials.

On the other hand, the confidence of financial markets in the euro zone declined for the fifth time in a row, as the index recorded 21 points, 10.1 points lower compared to the September reading, and less than the expectations that indicated a decline to 27.9. The current economic situation index declined by 6.6 points to 15.9.

The euro is trading at 1.1563 levels against the US dollar in weak trading since the beginning of the session today, Tuesday.