After a tumultuous Tuesday, EUR/USD continues to be active, and has moved away from the 1.33 line. The pair was trading in the 1.3330 range. In the US, Existing Home Sales was a disappointment, falling well below the market estimate. There are just two minor releases scheduled for Wednesday.
Experts have been saying that the Eurozone economy will remain subdued for most of 2013, but the economic sentiment indicators clearly weren't paying attention. The well-respected ZEW Economic Sentiment release pointed to strong improvement in the Eurozone and Germany. Both indicators hit multi-year highs, with their best performance since May 2010.
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