Eurozone Sentix Investor Confidence Index drops to -22.5 in July
Posted At: 2023-07-10 18:26
- Investor sentiment in the Eurozone continued to weaken in July.
- EUR/USD holds steady in its daily range slightly above 1.0950.
The Eurozone Sentix Investor Confidence declined to -22.5 in July from -17 in June.
Commenting on the survey's findings, "there is also nothing positive to report in terms of forward-looking expectations," said Sentix managing director Manfred Huebner.
Huebner further noted that the Investor Confidence Index for Germany fell 7.3 points to -28.4.
Market reaction
This report doesn't seem to be having a noticeable impact on the Euro's performance against its rivals. As of writing, the EUR/USD pair was little changed on the day at 1.0962.