BREAKING: USD weakens after upbeat Michigan Consumer Sentiment reading

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The University of Michigan's consumer sentiment for the US jumped to 70.6 in December from a preliminary of 70.4 and above November 67.4, final estimates showed.

Other key points of today's publication:

Current conditions 74.2 vs 74.6 prelim
Expectations 68.3 vs 67.8 prelim
1 year inflation 4.8% vs 4.9% prelim
5-10 year inflation 2.9% vs 3.0% prelim

EURUSD pair rose sharply following today's UoM report and if current sentiment prevails, resistance level at 1.1355 may be at risk. Source:xStation5

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