Consumer Confidence Indicator came in weaker than expected in March’s flash estimate.

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• Consumer Confidence Indicator came in weaker than expected in March’s flash estimate.
• EUR/USD continues to trade in positive territory slightly below 1.0900.

Consumer sentiment in the Eurozone weakened modestly with the Consumer Confidence Indicator edging lower to -19.2 in March’s flash estimate from -19.1 in February. This reading came in weaker than the market expectation of -18.3. For the EU, the Consumer Confidence Indicator stood unchanged at -20.7.

This data doesn’t seem to be having a noticeable impact on the Euro’s performance against its major rivals. As of writing, the EUR/USD pair was trading at 1.0890, rising 0.33% on a daily basis.

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