In March’s flash estimate, the Consumer Confidence Index was lower than anticipated. The EUR/USD currency pair is still trading slightly above 1.0900.
The Consumer Confidence Index, which measures consumer sentiment in the Eurozone, decreased slightly from -19.1 in February to -19.2 in the March flash estimate. This figure was weaker than the -18.3 market prediction. The Consumer Confidence Index for the EU remained constant at -20.7.
When compared to its main competitors, the Euro’s performance doesn’t appear to be much impacted by this data. The EUR/USD pair was up 0.33% daily as of the time of writing, trading at 1.0890.
Tags Consumer Confidence Eurozone
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