Eurozone Consumer Confidence Indicator improves to -19 in February as expected
|- Eurozone Consumer Confidence Index edged slightly higher in February's flash estimate.
- EUR/USD continues to trade in a tight range at around 1.0700.
Consumer sentiment in the Euro area improved modestly in February with the European Commission's Consumer Confidence Indicator rising to -19 (flash estimate) from -20.9 in January.
For the EU, the Consumer Confidence Indicator rose by 1.5 points to -20.6.
"Despite this fourth consecutive monthly improvement, at -20.6 (EU) and ‑19.0 (EA) pps., consumer confidence remains well below its long-term average," the European Commission noted in its publication.
Market reaction
This data failed to trigger a noticeable reaction in EUR/USD. As of writing, the pair was virtually unchanged on a daily basis at 1.0692.
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