- Eurozone investors’ morale gets a lift in October.
- EUR/USD holds the bounce to near 1.0975 after the upbeat Eurozone data.
The Eurozone Sentix Investor Confidence Index improved from -15.4 in September to -13.8 in October, the latest survey showed on Monday.
The Expectations Index in the Eurozone recovered from September’s -8.0 to -3.8 in October.
The Current Situation gauge for the bloc, however, dropped to -23.3 in the same period from -22.5 in September, hitting the lowest in four months.
Sentix said, “the downward economic trend has been halted for the time being,” Sentix said.
“The eurozone economy is thus starting its next attempt to find its way out of recession/stagnation,” it added.
Market reaction to the Eurozone Sentix data
EUR/USD is holding the rebound to near 1.0975 after the Eurozone data. As of writing, EUR/USD is trading flat on the day.
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