Eurozone May Consumer Confidence -19.0 Beats -20.8 Forecast

Eurozone consumer confidence improved to -19.0 in May, beating expectations of -20.8 and rising from April's -20.6. However, sentiment remains well below long-term averages and pre-Middle East conflict levels, with employment expectations also declining sharply. The better-than-expected reading could provide modest support for the euro as it suggests some stabilization in household sentiment. EUR pairs may see limited upside as the headline improvement masks underlying weakness in broader economic indicators.