Investor confidence in the Eurozone deteriorated more-than-expected in March amid growing coronavirus concerns across Europe, the latest data published by the Sentix research group showed on Monday. The gauge dropped to 17.1 in March from 5.2 in February and against a reading of -11.1 expected. Last month, the investors’ morale hit the lowest level since April 2013. Sentix Chief Manfred Huebner said: “Investors are preparing for a long period of economic weakness.” “investors wanted to see “a strong signal from monetary policy. Time is pressing! For if no action is taken, no one should be surprised by a new ‘Lehman’ moment that would increase the chaos. Either way, the recessionary environment that has now set in will probably weigh on us for months to com” Huebner added. Its worth noting that Eurozone money markets now price in two rate cuts from the European Central Bank (ECB) by June vs. one last week. About Eurozone Sentix Investor Confidence Among 1600 financial analysts and institutional investors, the Sentix Investor Confidence is a monthly survey that shows the market opinion about the current economic situation and the expectations for the next semester. The index, released by the Sentix GmbH, is composed by 36 different indicators. Usually, a higher reading is seen as positive for the Eurozone, which means positive, or bullish, for the Euro, While a lower number is seen negative or bearish for the unique currency. FX implications The shared currency came under fresh selling pressure on the Eurozone Sentix data, as EUR/USD hit a new session low of 1.1366. Despite the latest downtick, the sentiment around the major remains underpinned by broad US dollar weakness amid rising coronavirus risks globally. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/JPY: Renewed selling pressure FX Street 3 years Investor confidence in the Eurozone deteriorated more-than-expected in March amid growing coronavirus concerns across Europe, the latest data published by the Sentix research group showed on Monday. The gauge dropped to 17.1 in March from 5.2 in February and against a reading of -11.1 expected. Last month, the investors’ morale hit the lowest level since April 2013. Sentix Chief Manfred Huebner said: “Investors are preparing for a long period of economic weakness." "investors wanted to see "a strong signal from monetary policy. Time is pressing! For if no action is taken, no one should be surprised by a new 'Lehman' moment that… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.