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