Eurozone Sentix Investor Confidence Index jumps to -2.9 in March vs. -12.7 previous

• Eurozone investors’ morale improved remarkedly in March.
• EUR/USD jumps toward 1.0850 after the Eurozone data.

The Eurozone Sentix Investor Confidence Index leaped to -2.9 in March following February’s -12.7, the latest survey showed on Monday.

The Current Situation gauge for the bloc rose to -21.8 in March from -25.5 in February.

Sentix said: “For Germany, investors are downright euphoric.”

“The picture was different in other parts of the world. In the United States, there was a massive slump in current situation and expectations values,” it added.

Market reaction to the Eurozone Sentix data

EUR/USD holds its renewed upside near 1.0850 after the Eurozone data. As of writing, EUR/USD is trading 0.11% higher on the day at around 1.0845.