• Investor sentiment in the Euro area improved modestly in January.
• EUR/USD trades in negative territory below 1.0950.

Sentix Investor Confidence Index for the Eurozone edged higher to -15.8 in January from -16.8 in December.

Commenting on the survey's findings, "this is unlikely to be a turnaround" for the Euro area, Sentix said in its publication. "This is partly due to Germany, whose economy is still in recession and therefore in crisis."

Market reaction

The Euro continues to weaken against its major rivals following this data. At the time of press, the EUR/USD pair was down 0.15% on a daily basis at 1.0925.