BREAKING: EUR muted after Sentix index miss

Euro area Sentix index for September was released today at 9:30 am BST. This was the only noteworthy economic data reading from Europe scheduled for today. However, as this is a second-tier data, it rarely has an impact on the markets.

Data was expected to show a deterioration from -18.9 in August to -19.8 in September. However, actual data showed a deeper drop with the index sliding to -21.5. This was the lowest reading since November 2022. Nevertheless, markets barely saw any reaction, as was expected. 

EURUSD barely reacted to the Sentix index miss. The pair continues to trade a touch below 1.08 mark. Source: xStation5