Eurozone Sentix Investor Confidence Index improves to -12.7 in February vs. -17.7 prior

• Eurozone investors’ morale improves in February.
• EUR/USD stays better bid above 1.0300 after the Eurozone data.

The Eurozone Sentix Investor Confidence Index improved to -12.7 in February following January’s -17.7, the latest survey showed on Monday.

The Current Situation gauge for the bloc rebounded to -25.5 in February from -29.5 in January.

Sentix said, “Germany’s recessionary economy is hanging like a lead weight on the Eurozone.”

“It is precisely from here that there is now hope for improvement,” it added.

Market reaction to the Eurozone Sentix data

EUR/USD holds its bounce above 1.0300 after the Eurozone data. As of writing, EUR/USD is trading 0.04% higher on the day at around 1.0330.