Investing.com – Investor confidence in the euro zone fell less than expected in June, data showed on Monday.
In a report, market research group, Sentix said its index of investor confidence registered -1.3 in June, following a result of -4.1 in May.
Analysts had expected a result of -4.5 in June.
Any level above 0.0 in the index indicated optamism, below indicates pessimism.
The report said that the weakened euro has boosted the competiveness of the euro zone economy, with Germany profiting the most.
Following the release of the data the euro was down against the U.S. dollar, with EUR/USD shedding 0.15% to hit 1.2546.
In a report, market research group, Sentix said its index of investor confidence registered -1.3 in June, following a result of -4.1 in May.
Analysts had expected a result of -4.5 in June.
Any level above 0.0 in the index indicated optamism, below indicates pessimism.
The report said that the weakened euro has boosted the competiveness of the euro zone economy, with Germany profiting the most.
Following the release of the data the euro was down against the U.S. dollar, with EUR/USD shedding 0.15% to hit 1.2546.