Euro area Consumer Confidence Indicator improves to -15.1 in July vs. -16 expected

• Eurozone Consumer Confidence Indicator rose to -15.1 in July.
• EUR/USD continues to trade in negative territory below 1.1200.

Consumer sentiment in the Euro area improved modestly in July with the Consumer Confidence Indicator edging higher to -15.1 from -16.1 in June, the European Commission reported on Thursday. This reading came in better than the market expectation of -16. 

For the EU, the Consumer Confidence Indicator rose by 1.1 percentage point to -16.1.

Market reaction

EUR/USD stays under modest bearish pressure after this data and was last seen losing 0.25% on a daily basis at 1.1170.