Market news
04.03.2024, 09:32

Eurozone Sentix Investor Confidence Index rises to -10.5 in March vs. -12.9 previous

  • Eurozone investors’ morale keeps improving for the fifth month in a row in March.
  • EUR/USD holds gains near 1.0850 after the upbeat Eurozone data.

The Eurozone Sentix Investor Confidence Index rose from -12.9 in February to -10.5 in March, the latest survey showed on Monday, reaching its highest level since April 2023.

The Expectations Index in the Eurozone rose from -5.5 in the previous month to -2.3 in March.

The index on the Current Situation also increased to -18.5 in March from -20.0 in February, the fifth monthly rise in a row.

Key takeaways

"Although the data points in the right direction, there can be no talk of a classic spring revival" for the Eurozone.”

It pointed to German economic policy as "preventing a thorough economic recovery in the heartland of Europe. The recession remains in place.”

Market reaction to the Eurozone Sentix data

EUR/USD is consolidating gains near 1.0850 despite the encouraging Eurozone data. As of writing, the EUR/USD pair is 0.10% higher on the day.

Euro price today

The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the strongest against the Japanese Yen.

  USD EUR GBP CAD AUD JPY NZD CHF
USD   -0.05% -0.11% 0.08% 0.09% 0.13% -0.03% -0.13%
EUR 0.05%   -0.06% 0.13% 0.14% 0.18% 0.02% -0.07%
GBP 0.11% 0.06%   0.18% 0.20% 0.25% 0.07% -0.01%
CAD -0.08% -0.11% -0.18%   0.02% 0.05% -0.11% -0.21%
AUD -0.09% -0.14% -0.20% -0.02%   0.04% -0.12% -0.22%
JPY -0.12% -0.18% -0.27% -0.07% -0.04%   -0.17% -0.26%
NZD 0.03% -0.02% -0.07% 0.11% 0.13% 0.16%   -0.10%
CHF 0.13% 0.07% 0.01% 0.21% 0.21% 0.25% 0.09%  

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent EUR (base)/JPY (quote).

 

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