Eurozone Sentix Investor Confidence Index improves to -18.6 in November vs. -21.9 prior
- Eurozone investors’ morale improved in November amid reduced negative momentum.
- EUR/USD holds gains near 1.0750 after the Eurozone data.
The Eurozone Sentix Investor Confidence Index rose to -18.6 in November from -21.9 in October, the latest survey showed on Monday.
The Expectations Index in the Eurozone also climbed to -10.0, from -16.8 in the previous month, hitting its highest level since February.
The Current Situation Index improved only slightly to -26.8 points from -27.0.
Commenting on the survey's findings, Sentix Managing Director Patrick Hussy said that "the decrease in negative momentum is an initial sign of improvement. However, in order to ultimately give the all-clear, the expectation values must turn positive.”
Market reaction
EUR/USD is holding gains near 1.0750 despite the improvement in the Eurozone data. As of writing, the EUR/USD pair is trading at 1.0742, up 0.13% on the day.
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