Eurozone Sentix Investor Confidence Index worsens to -17.1 in June vs. -9.2 expected
The Eurozone Sentix Investor Confidence index keeps falling, arriving at -17.1 in June from -13.1 booked in May vs. -9.2 expected.
The Index on the Current Situation fell steeply to -15.8 from -7.0 in May, raising worries over a recession in the Eurozone already underway.
The Sentix index for Germany in June fell to the lowest since November last year, at minus 21.1, from minus 14.5 the previous month.
Key takeaways
"A look at the Sentix data of the largest economy then clearly shows that the cause of the misery in Euroland is probably linked to the weakness of the German economy.”
"The biggest problem child in the Eurozone remains Germany."
EUR/USD reaction
The shared currency is keeping its downside momentum intact after the downbeat Eurozone Sentix data. EUR/USD is trading at 1.0694, down 0.14% 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.
