Eurozone Sentix Investor Confidence rises to -13.4 in August, EUR/USD remains pressured

The eurozone Sentix Investor Confidence gauge has risen from -18.2 to -13.4 points in August, beating expectations for -15.2 points as the old continent emerges from the COVID-19 crisis. 

The broad survey continues its uptrend from the lows seen in April when infections were at their peak. Nevertheless, it remains in negative territory, pointing to some pessimism. 

EUR/USD is trading at around 1.1765, down on the day. Sino-American tensions are supporting the safe-haven dollar. US fiscal talks and reactions to Friday’s Non-Farm Payrolls are in play.

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