Eurozone Sentix Investor Confidence Index jumps to -2.9 in March vs. -12.7 previous

Eurozone investors’ morale improved remarkedly in March.
EUR/USD jumps toward 1.0850 after the Eurozone data.

Dhwani Mehta FXStreet

The Eurozone Sentix Investor Confidence Index leaped to -2.9 in March following February’s -12.7, the latest survey showed on Monday.

The Current Situation gauge for the bloc rose to -21.8 in March from -25.5 in February.

Sentix said: “For Germany, investors are downright euphoric.”

"The picture was different in other parts of the world. In the United States, there was a massive slump in current situation and expectations values," it added.

Market reaction to the Eurozone Sentix data

EUR/USD holds its renewed upside near 1.0850 after the Eurozone data. As of writing, EUR/USD is trading 0.11% higher on the day at around 1.0845.

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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