Euro-zone consumer confidence confirmed to the lowest levels in over two years

Yohay Elam FXStreet

The final read for euro-zone Consumer Confidence for January stands at -7.9 points, confirming the preliminary read. The figure is the lowest since November 2016.

Among the components, economic confidence stands at 106.2 points, the industrial confidence at 0.5, services confidence at 11, and the business climate indicator at 0.69.

EUR/USD remains stable at around 1.1430.

Both forward-looking soft data and hard data on past performance point to a significant slowdown in the old continent.

German inflation figures are due later in the day. Markets are focused on the US Fed decision and this limits movements in currency markets.

Author

Yohay Elam

FXStreet

Yohay is in Forex since 2008 when he founded Forex Crunch, a blog crafted in his free time that turned into a fully-fledged currency website later sold to Finixio.

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