EUR/USD tests highs near 1.2125 as German ZEW Economic Sentiment beats estimates with 61.8

• German ZEW Economic Sentiment arrived at 61.8 in Jan vs. 60.0 expected.
• ZEW Current Situation arrived at -66.4 in Jan vs. -68.5 expected
• EUR/USD flirts with highs near 1.2125 on upbeat ZEW numbers.

The German ZEW headline numbers for January showed that the Economic Sentiment Index improved to 61.8 versus 60.0 expectations and 55.0 last.

While the sub-index Current Conditions figure arrived at -66.4 in Jan versus -68.5 expected and -66.5 booked previously.

Meanwhile, the Eurozone ZEW Economic Sentiment for Jan unexpectedly rose to 58.3 vs. 45.5 expected and 54.4 last.

more to come ...