Euro area Consumer Confidence Indicator improves to -15.1 in December vs. -16.4 expected

Eurozone Consumer Confidence Indicator rose to -15.1 in December.
EUR/USD remains around 1.0965 after data, modestly lower for the day.

Matías Salord FXStreet

Consumer sentiment in the Euro area improved in December with the Consumer Confidence Indicator edging higher to -15.1 from -16.4 in November, the European Commission reported on Wednesday. This reading came in better than the market expectation of -16.4. For the EU, the Consumer Confidence Indicator rose by 1.5 percentage points to -16.0.

Market reaction

The EUR/USD is falling modestly on Wednesday, and is trading around 1.0960 after the data. During the American session, the pair trimmed losses on the back of the weaker US Dollar.

Author

Matías Salord

FXStreet

Matías started in financial markets in 2008, after graduating in Economics. He was trained in chart analysis and then became an educator. He also studied Journalism. He started writing analyses for specialized websites before joining FXStreet.

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