Investor sentiment in the Eurozone deteriorated slightly in October, with Sentix Investor Confidence Index edging lower to -21.9 from -21.5 in Septemb
Eurozone Sentix Investor Confidence for October came in better than expected. EUR/USD trades deep in negative territory below 1.0550. er. This reading came in better than the market expectation of -24.
Assessing the survey's findings,in the Eurozone, and especially in Germany, the economic situation remains weak and the recessionary tendencies persist, said Sentix Managing Director Manfred Huebner. At least there is a slight ray of hope in the form of rising expectations. However, it would be premature to declare a turnaround, he added. Market reaction EUR/USD remains under bearish pressure in the European trading hours on Monday and was last seen losing 0.5% on the day at 1.0535.
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