The Euro has declined to $1.1790, falling below the $1.18 threshold amid a bleak outlook from the ZEW Economic Sentiment Survey, which reported a drop in German investor confidence to -17.2 in April, the lowest since December 2022. This figure is significantly lower than the forecast of -5 and follows a previous reading of -0.5 in March. The sentiment regarding the current economic situation also worsened, declining to -73.7 from -62.9. The Eurozone as a whole saw its Economic Sentiment drop to -20.4, missing expectations for improvement. Contributing to the Euro's weakness is a stronger US dollar and geopolitical tensions, particularly the US-Iran conflict, which has raised concerns about energy security in Europe. European Central Bank President Christine Lagarde emphasized the uncertainty surrounding the Eurozone's economic outlook. Meanwhile, on the National Stock Exchange of India, the EUR/INR futures are trading above the 110 mark, increasing by 0.28%.