Eurozone Sentix Investor Confidence Index improves to -12.7 in February vs. -17.7 prior

Eurozone investors’ morale improves in February.
EUR/USD stays better bid above 1.0300 after the Eurozone data.

Dhwani Mehta FXStreet

The Eurozone Sentix Investor Confidence Index improved to -12.7 in February following January’s -17.7, the latest survey showed on Monday.

The Current Situation gauge for the bloc rebounded to -25.5 in February from -29.5 in January.

Sentix said, “Germany's recessionary economy is hanging like a lead weight on the Eurozone.”

"It is precisely from here that there is now hope for improvement," it added.

Market reaction to the Eurozone Sentix data

EUR/USD holds its bounce above 1.0300 after the Eurozone data. As of writing, EUR/USD is trading 0.04% higher on the day at around 1.0330.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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