Euro area Consumer Confidence Indicator improves to -16.1 in June vs. -17 expected

• Eurozone Consumer Confidence Indicator rose to -16.1 in June.
• EUR/USD continues to fluctuate below 1.1000 after the data.

Consumer sentiment in the Euro area improved modestly in June with the Consumer Confidence Indicator edging higher to -16.1 from -17.4 in May, the European Commission reported on Thursday. This reading came in better than the market expectation of -17. 

For the EU, the Consumer Confidence Indicator rose by 1.1 percentage point to -17.2.

Market reaction

EUR/USD inched higher with the initial reaction to this report and was last seen trading virtually unchanged on the day at 1.0990.