Eurozone Sentix Investor Confidence Index worsens to -17.1 in June vs. -9.2 expected

The Index on the Current Situation fell steeply to -15.8 from -7.0 in May, raising worries over a recession in the Eurozone already underway.

The Sentix index for Germany in June fell to the lowest since November last year, at minus 21.1, from minus 14.5 the previous month.

Key takeaways

“A look at the Sentix data of the largest economy then clearly shows that the cause of the misery in Euroland is probably linked to the weakness of the German economy.”

“The biggest problem child in the Eurozone remains Germany.”

EUR/USD reaction 

The shared currency is keeping its downside momentum intact after the downbeat Eurozone Sentix data. EUR/USD is trading at 1.0694, down 0.14% on the day.