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Eurozone Sentix Investor Confidence Index drops to -22.5 in July

  • Investor sentiment in the Eurozone continued to weaken in July.
  • EUR/USD holds steady in its daily range slightly above 1.0950.

The Eurozone Sentix Investor Confidence declined to -22.5 in July from -17 in June. 

Commenting on the survey's findings, "there is also nothing positive to report in terms of forward-looking expectations," said Sentix managing director Manfred Huebner. 

Huebner further noted that the Investor Confidence Index for Germany fell 7.3 points to -28.4.

Market reaction

This report doesn't seem to be having a noticeable impact on the Euro's performance against its rivals. As of writing, the EUR/USD pair was little changed on the day at 1.0962.

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Economists at MUFG Bank are maintaining a long EUR/USD trade idea. US CPI report on Wednesday is the next key focus The EUR is proving resilient in th
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