- Eurozone investors’ morale continues to deteriorate in September.
- EUR/USD holds lower ground near 1.1050 after the downbeat Eurozone data.
The Eurozone Sentix Investor Confidence Index declined from -13.9 in August to -15.4 in September, the latest survey showed on Monday.
The Expectations Index in the Eurozone recovered from August’s -8.8 to -8.0 in September.
The Current Situation gauge for the region, however, dropped to -22.5 in the same period from -19.0 in August.
Sentix said, “the political and economic chaos in Germany is a heavy burden on the entire Eurozone.”
“The only hope for investors in this context is the prospect of a supportive monetary policy,” it added.
Market reaction to the Eurozone Sentix data
EUR/USD is flirting with intraday lows after discouraging Eurozone data. As of writing, EUR/USD is down 0.31% on the day, trading near 1.1050.
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