German investor confidence dropped for a fourth straight month in July amid concerns about the uncertain situation in Greece.
The index of investor and analysts expectations dropped to 29.7 from 31.5 in June, The ZEW Center for European Economic Research in Mannheim said on Tuesday. Analysts had predicted a decline to 30.6.
The current situation gauge plunged to from 62.9 in June, according to the ZEW survey.
Finally, Greece managed to secure an aid agreement deal with European leaders on Monday, following 17 hours of deep negotiations.
ZEW economic sentiment for the eurozone came in at 42.7 from 53.7, lower than forecasts of 51.1.
Another report from the euro area signaled a 0.4 percent fall in industrial production from a prior 0.1 percent advance.
As of 09:15 GMT, the EUR/USD was little changed trading around 1.1027, near the session’s high of 1.1037.