The index of University of Michigan consumer sentiment rose 1.5 points in the preliminary reading for February, rising to 66.4 from 64.9 in January, improving the 65 estimated by the market. This is the best result obtained by the indicator in ten months, since April 2022.
The component of Five-year consumer inflation expectation has remained unchanged at 2.9%.
USD reaction
He dollar index it has barely moved 10 pips after the data, oscillating between 103.40/50, not far from the day’s high of 103.54. At time of writing, the greenback is trading above 103.42, gaining 0.21% daily
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