- Analytics
- News and Tools
- Market News
- Euro area Consumer Confidence improves to -24.9 in August vs. -28 expected
Euro area Consumer Confidence improves to -24.9 in August vs. -28 expected
- Consumer confidence in the euro area improved modestly in early August.
- EUR/USD trades in positive territory near parity after the data.
The European Commission announced on Tuesday that the Consumer Confidence Indicator for the euro area rose to -24.9 (flash) in August from July's record low of -27. This reading came in better than the market expectation of -28.
For the EU, the Consumer Confidence Indicator rose to -26 from -27 in the same period.
Market reaction
The EUR/USD pair clings to daily recovery gains near parity after this data.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
