Euro area Consumer Confidence Indicator improves to -20.9 in January vs. -22.5 expected

• Consumer confidence in the Euro area and the EU improved in early January.
• EUR/USD trades flat on the day at around 1.0850.

The data published by the European Commission revealed on Friday that the Consumer Confidence Indicator in the Euro area improved to -20.9 in January's flash estimate from -22.2 in December. This reading came in better than the market expectation of -22.5.

In the European Union, the Consumer Confidence Indicator rose by 1.4 points to -22.4.

Market reaction

The EUR/USD pair showed no immediate reaction to these data and was last seen trading virtually unchanged on a daily basis at 1.0855.