Euro area Consumer Confidence Indicator improves to -15.1 in December vs. -16.4 expected

• Eurozone Consumer Confidence Indicator rose to -15.1 in December.
• EUR/USD remains around 1.0965 after data, modestly lower for the day. 

Consumer sentiment in the Euro area improved in December with the Consumer Confidence Indicator edging higher to -15.1 from -16.4 in November, the European Commission reported on Wednesday. This reading came in better than the market expectation of -16.4. For the EU, the Consumer Confidence Indicator rose by 1.5 percentage points to -16.0.

Market reaction

The EUR/USD is falling modestly on Wednesday, and is trading around 1.0960 after the data. During the American session, the pair trimmed losses on the back of the weaker US Dollar.