The ZEW index of economic confidence in Germany fell in the August poll, according to data released this morning, Tuesday, August 10, by 22.9 points, to 40.4, compared to 63.3 in the July reading, worse than expectations that indicated a decline to 54.9, and in the details of the index, the rating of The current economic situation in Germany to 29.3, while the expectations index declined for the third time in a row due to fears of a possible fourth wave of the Corona virus starting in the fall, in addition to the slowdown in Chinese growth.

On the other hand, the index concerned with measuring confidence in the eurozone economy declined for the second time in a row to 42.7 in August, compared to 61.2 in the July reading, worse than expectations that indicated a decline to 55.3, and in details, the current economic situation index for the euro area rose by 8.6 points to 14.6, The inflation expectations index in the euro area fell by 27.4.

The euro against the US dollar continues to decline for the sixth consecutive session, and is trading at its lowest level since last April at 1.1730 levels, after negative data, in addition to the continuous gains of the US dollar.