Eurozone Sentix Investor Confidence Index arrives at -17.7 in January vs. -17.5 previous
- Eurozone investors’ morale stays almost unchanged in January.
- EUR/USD holds the rebound above 1.0350 after the Eurozone data.
The Eurozone Sentix Investor Confidence Index came in at -17.7 in January after registering -17.5 in December, the latest survey showed on Monday.
The Current Situation gauge for the bloc fell to its lowest level since October 2022, reaching -29.5 in January from -28.5 in December.
Sentix said, “in the Eurozone, the economic engine is threatening to freeze up for the long term.”
“Germany's recessionary economy "is hanging on to the euro zone like a lead weight," it added.
Market reaction to the Eurozone Sentix data
EUR/USD holds its recovery momentum above 1.0350 after the Eurozone data. As of writing, EUR/USD is trading 0.47% higher on the day.
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