- Consumer Confidence in EU and euro area improved modestly in February.
- EUR/USD trades in the positive territory around 1.2070.
The Consumer Confidence Indicator in the euro area rose to -14.8 in February from -15.5 in January, the data published by the European Commission showed on Thursday. This reading came in slightly better than the market expectation of -15.
In the EU, the Consumer Confidence Indicator edged higher to -15.7 from -16.5.
“At -15.7 points (EU) and -14.8 points (euro area), the indicator continues scoring well below its long-term average of −10.6 (EU) and −11.1 (euro area),” the publication further read.
Market reaction
The shared currency failed to capitalize on this report and the EUR/USD pair, which touched a daily high of 1.2090, was last seen trading at 1.2070, up 0.27% on the day.
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