Euro zone economic sentiment for March came in at 64.6 from a revised 65.3 in February, some way below the median forecast of 65.8, and a new record low. Industrial confidence fell to -38 (below median forecast of -35), services confidence to -25 (below median forecast of -24), and consumer confidence to -34 (below median forecast of -33.)
Just another bit of bad news. EUR/USD had been trying manfully to rally just before the data release, but has fallen back to 1.3170 at writing.
