- The Eurozone Consumer Confidence Index rose slightly in February’s preliminary estimate.
- The EUR/USD pair continues to trade in a tight range around 1.0700.
Eurozone consumer sentiment improved slightly in February: the European Commission’s Consumer Confidence Indicator rose to -19 (preliminary estimate) from -20.9 in January, as expected. This is its best level in a year, since February 2022.
In the EU, the Consumer Confidence Indicator rose 1.5 points to -20.6.
“Despite this fourth consecutive monthly improvement, with -20.6 (EU) and -19.0 (EA) percentage points, consumer confidence remains well below its long-term average,” the European Commission said in its publication.
market reaction
These data did not cause a noticeable reaction in the EUR/USD. As of this writing, the pair is largely unchanged at 1.0692.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
