BREAKING: Michigan Consumer Sentiment revised lower

The University of Michigan's consumer sentiment for the US was revised lower to 59.4 in March from a preliminary of 59.7 and below February 62.8, final estimates showed. The current conditions gauge dropped to 67.2, below preliminary of 67.8. Expectations were revised lower to 54.3 from 54.4. Meanwhile, inflation expectations for the year ahead were unchanged at 5.4% similiar to 5-year outlook at 3.0%.

Pending Home Sales MoM in the United States increased to -4.10% in February from -5.80% in January.

EURUSD saw relatively small reaction to today’s data inflation release. The most popular currency pair continued to trade around 1.1010 level. Source: xStation5

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