Eurozone Sentix Investor Confidence Index arrives at -17.7 in January vs. -17.5 previous

• Eurozone investors’ morale stays almost unchanged in January.
• EUR/USD holds the rebound above 1.0350 after the Eurozone data.

The Eurozone Sentix Investor Confidence Index came in at -17.7 in January after registering -17.5 in December, the latest survey showed on Monday.

The Current Situation gauge for the bloc fell to its lowest level since October 2022, reaching -29.5 in January from -28.5 in December.

Sentix said, “in the Eurozone, the economic engine is threatening to freeze up for the long term.”

“Germany's recessionary economy "is hanging on to the euro zone like a lead weight," it added.

Market reaction to the Eurozone Sentix data

EUR/USD holds its recovery momentum above 1.0350 after the Eurozone data. As of writing, EUR/USD is trading 0.47% higher on the day.