German ZEW Economic Sentiment Index leaps to 51.6 in March vs. 48.1 expected

• Germany’s ZEW Economic Sentiment Index jumped to 51.6 in March.
• EUR/USD holds gains near 1.0950 after German and Eurozone ZEW surveys.

The headline German ZEW Economic Sentiment Index jumped to 51.6 in March from 26 in February, beating the market forecast of 48.1 by a wide margin.

The Current Situation Index improved to -87.6 in the same period, compared with February’s -88.5. Data missed the estimated -80.5 figure.