Back

Eurozone Sentix Investor Confidence Index drops to -22.5 in July

  • Investor sentiment in the Eurozone continued to weaken in July.
  • EUR/USD holds steady in its daily range slightly above 1.0950.

The Eurozone Sentix Investor Confidence declined to -22.5 in July from -17 in June. 

Commenting on the survey's findings, "there is also nothing positive to report in terms of forward-looking expectations," said Sentix managing director Manfred Huebner. 

Huebner further noted that the Investor Confidence Index for Germany fell 7.3 points to -28.4.

Market reaction

This report doesn't seem to be having a noticeable impact on the Euro's performance against its rivals. As of writing, the EUR/USD pair was little changed on the day at 1.0962.

Euro comes under some pressure following recent tops near 1.0970

After the release of the June Nonfarm Payrolls, the Euro (EUR) faced some selling pressure, causing EUR/USD to retreat towards 1.0950 at the beginning
Leer más Previous

EUR/USD: The next move higher will be to the upside – MUFG

Economists at MUFG Bank are maintaining a long EUR/USD trade idea. US CPI report on Wednesday is the next key focus The EUR is proving resilient in th
Leer más Next