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The European Commission reported Euro Area economic sentiment fell to 95.4 in February from 96.1 in January, below the expected 96.7. Weakness was led by manufacturers and service providers, while consumer confidence improved slightly.
Weaker European sentiment signals softer industrial and livestock-sector demand in the eurozone, a modest negative for feed demand, and the data pushed EUR/USD lower.
tradingpedia.comMiroslav MarinoffFeb 28, 2024After 15 past bearish report events, Euro (USD per EUR) moved a median +0.0% over 5 sessions (60% higher; middle half -0.6% to +0.4%), and -0.0% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
