India, Aug. 12 -- The euro weakened against other major currencies in the European session on Tuesday, after German economic confidence deteriorated sharply in August due to disappointing EU-US trade deal.
Data from a monthly survey conducted by the think tank ZEW showed that the German ZEW Indicator of Economic Sentiment fell to a three-month low of 34.7 in August from 52.7 in the previous month.
Similarly, the Current Economic Situation index fell from -59.5 in July to -68.6, which is higher than the -65.0 figure that market analysts had predicted. Investors who continue to focus on the US inflation data that is expected later today and the remarks made about the Trump-Putin meeting on Ukraine's war have not been reassured by the pessim...