Eurozone Sentix Investor Confidence Index worsens to -11.1 in March vs. -8.6 expected

The Eurozone Sentix Investor Confidence index worsens to -11.1 in March from -8.0 in February vs. -8.6 expected.
The Current Situation in the Eurozone rose to -9.3 from -10.0. Meanwhile, the Expectations Index tumbled to -13.0 from -6.0 in February.
Key takeaways
"This stagnation phase could soon turn into renewed recession worries if the negative economic expectations materialize.”
"Money supply growth remains weak and, together with the rise in interest rates, is likely to prove a serious burden on the economy in the further course of the year.”
EUR/USD reaction
The shared currency is unfazed by the downbeat Eurozone Sentix data. EUR/USD is trading at 1.0633, modestly flat on the day.
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.

















