Latest data released by Sentix - 8 July 2019
- Prior -3.3
The fall here sees the headline reading post its weakest level since November 2014 as investor morale towards the euro area economy continues to drop. Of note, Sentix highlights that a German recession is looming and "looks unavoidable" with that being among the key worries in the report.
Not a major data point by any means but economic data from the euro area today has been rather poor and this will feed into overall sentiment towards economic conditions when Q2 performance is measured.
EUR/USD holds steady at 1.1230 currently, still trapped in a 16 pips range today.
