Consumer Confidence Improves in Europe, EUR/USD Moves Above the 50 SMA Again
Skerdian Meta • 1 min read
The consumer confidence has been negative in the Eurozone for more than two years. it deteriorated further after the coronavirus broke out in Europe in March. We saw an improvement in summer after the reopening of the continent, following the lock-downs in spring, but in November it turned lower at -18 points, as the restrictions increased once again in Autumn. This month was expected to be the same, but the confidence improved instead.
Eurozone December Consumer Confidence Report
- December flash consumer confidence -13.9 points vs -17.3 expected
- November consumer confidence was -17.6 points