The University of Michigan's consumer sentiment for the US was revised lower to 67.2 in January from a preliminary of 68.8 and below December 70.6, final estimates showed. Analysts' expected reading of 68.7.
Further details:
- Expectations 64.1 vs 65.9 prelim
- Current conditions 72.0 vs 73.5 prelim
- 1-year inflation 4.9% vs 4.9% prelim
- 5-10-year inflation 3.1% vs 3.1% prelim
EURUSD bounced off 1.1170 resistance and continued to move lower after release of today’s data. Next support is located at 1.1120 level. Source:xStation5
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