Germany’s Gfk consumer confidence index for the month of July moderated to -0.3 points from -6.9 in June (figure revised from -7), improving the -4 expected by the market.
This is the best result recorded by the indicator in eleven months, specifically since August 2020. The Gfk has not been positive since April 2020.
EUR / USD reaction
The EUR / USD has not reacted to the data and remains trading sideways between 1.1935 and 1.1945. At time of writing, the pair is trading at 1.1940, gaining 0.07% daily.
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