The Eurozone Sentix Investor Confidence Index fell to 2.4 in November from 2.7 in October, though the euro showed little reaction, rising 0.45% to 1.1190.
The Sentix Investor Confidence Index slipped to 2.4 in November from 2.7, with the Expectations Index down 0.5 points to 8.3, a mild negative signal for the Eurozone economy that would normally weigh on the euro. The deterioration is small and the index remains positive, limiting any price effect; indeed EUR/USD rose 0.45% on Monday.
A lower Sentix reading (2.4 vs 2.7) is conventionally bearish for the euro against the dollar, and Sentix flags rising rates, energy prices and political uncertainty as obstacles to recovery. However, the move is small and the pair actually traded up 0.45% at around 1.1190 on Monday, suggesting the data had no meaningful effect.
Investor confidence in the Eurozone edged lower in November, with the Sentix index falling to 2.4 from 2.7 in October. The decline reflects growing caution as the Economic Expectations Index dropped 0.5 points to 8.3, despite modest stabilization in Germany's sub-index.
Only marginally. The index slipped to 2.4 from 2.7, a small decline that signals growing caution, but the euro showed little reaction and EUR/USD rose 0.45% to around 1.1190 on Monday.
It showed little reaction to the weaker survey, rising 0.45% on Monday to trade around 1.1190.