The Sentix Investor Confidence released at -5.8, below economists’ forecasts of 0.1 for July. The figure is a result of all the dismal date reported the previous weeks from EU zone. The -5.8 is the worst level since November 2014. The worst data strengthens the scenario for a stimulus by the ECB, and might attract sellers on EURUSD.
The EURUSD as of writing didn’t react to the news and is trading slightly higher at 1.1233.Don’t miss a beat! Follow us on Twitter.