Mubasher: German investor morale saw a better-than-expected improvement in November.

The indicator for economic sentiment for Germany came in at -2.1 points in November, rising by 20.7 points from September, the Centre for European Economic Research (ZEW) said.

Meanwhile, analysts polled by FactSet projected a reading of -14.8.

“There is growing hope that the international economic policy environment will improve in the near future, which explains the sharp rise,” ZEW President Achim Wambach said.

A separate index gauging investors’ assessment of the current conditions in the German economy ticked up by 0.6 to -24.7 points in November from the prior month.

Views on the current economic conditions for the broader Eurozone improved during the month, with the respective gauge jumping by 22.5 point to -1.

By 10:29 am GMT, the EUR/USD pair edged down by 0.06% to $1.1026.