Eurozone Sentix Investor Confidence Index arrives at -17.7 in January vs. -17.5 previous

Eurozone investors’ morale stays almost unchanged in January.
EUR/USD holds the rebound above 1.0350 after the Eurozone data.

Dhwani Mehta FXStreet

The Eurozone Sentix Investor Confidence Index came in at -17.7 in January after registering -17.5 in December, the latest survey showed on Monday.

The Current Situation gauge for the bloc fell to its lowest level since October 2022, reaching -29.5 in January from -28.5 in December.

Sentix said, “in the Eurozone, the economic engine is threatening to freeze up for the long term.”

“Germany's recessionary economy "is hanging on to the euro zone like a lead weight," it added.

Market reaction to the Eurozone Sentix data

EUR/USD holds its recovery momentum above 1.0350 after the Eurozone data. As of writing, EUR/USD is trading 0.47% higher on the day.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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