Eurozone Consumer Confidence declines to -19.2 in March vs. -18.3 expected
|- Consumer Confidence Indicator came in weaker than expected in March's flash estimate.
- EUR/USD continues to trade in positive territory slightly below 1.0900.
Consumer sentiment in the Eurozone weakened modestly with the Consumer Confidence Indicator edging lower to -19.2 in March's flash estimate from -19.1 in February. This reading came in weaker than the market expectation of -18.3. For the EU, the Consumer Confidence Indicator stood unchanged at -20.7.
Market reaction
This data doesn't seem to be having a noticeable impact on the Euro's performance against its major rivals. As of writing, the EUR/USD pair was trading at 1.0890, rising 0.33% on a daily basis.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.