As the most of the Eurozone population enjoyed another bank holiday yesterday, the single currency fell against both sterling and the US dollar. The Sentix Investor Confidence Index is a monthly index that reflects the economic outlook of analysts and investors in the Eurozone. This month the index showed much less optimism than was expected from within the eighteen-nation bloc. The 2,800 investors surveyed gave the worst 6-month outlook on the Eurozone economy in 2014 and caused the euro to weaken throughout the day, notably causing the euro-US dollar rate to end the day back below 1.36.
French and Italian Industrial Production figures have some potential to influence movements in euro rates today; however, there are a number of figures due out elsewhere, which may play a greater role in defining the relative performance of the single currency.