Eurozone Sentix Investor Confidence Index declines to -13.9 in August vs. -7.3 previous
FXStreetAug 5, 2024 8:31 AM
- Eurozone investors’ morale worsens further in August.
- EUR/USD keeps the range above 1.0950 despite the downbeat Eurozone data.
The Eurozone Sentix Investor Confidence Index fell further from -7.3 in July to -13.9 in August, according to the latest survey published on Monday.
The Expectations Index in the Eurozone fell from July’s 1.5 to -8.8 in August.
Sentix said that “investors were concerned about the fragile geopolitical situation, especially in the Middle East, upcoming German state elections and uncertainty over the US presidential election later this year.”
Market reaction to the Eurozone Sentix data
EUR/USD is undeterred by the discouraging Eurozone data. As of writing, EUR/USD is up 0.54% on the day, trading near 1.0965.
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