The University of Michigan’s consumer confidence measure was expected to stand at 95 in the preliminary read for July. Earlier, industrial output came out at 0.4%, slightly better than expected. However, inflation and retail sales figures badly disappointed. The result was a big downfall in the dollar, with EUR/USD breaking resistance.
The post US consumer sentiment misses with 93.1 – further USD falls? appeared first on Forex Crunch.
via Forex Crunch
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