German ZEW is a potential market mover, says RBC Capital Markets, given the recent deterioration seen in German data. The bank notes this is one of its least-preferred gauges. But with downside risks to the consensus view of negative 10.0 for economic sentiment and 8.0 for current conditions, the survey could pave the way for EUR underperformance on the day. EUR/USD is now at 1.2683. The ZEW survey hits the wires at 1000 GMT.
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