- Investor morale in the Euro area weakened significantly in April.
- EUR/USD trades below 1.1000 in the European session after the data.
Investor sentiment in the Eurozone deteriorated in April, with the Sentix Investor Confidence Index dropping sharply to -19.5 from -2.9 in March.
“The survey of 1,127 investors from April 3-5 showed that economic expectations for the next six months were hit particularly hard by the tariff announcement, falling by 33.8 points to -15.8 in April,” Reuters reported.
Market reaction
EUR/USD retreats from session highs following this disappointing data. At the time of press, EUR/USD was trading marginally higher on the day at 1.0975.
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