US UoM Consumer Sentiment Index is seen declining to 57.9 in March
Source Fxstreet
- Consumer confidence in the US declined markedly in early October.
- One-year inflation expectation edged higher to 4.9%.
US Consumer Sentiment took a dip in early March, according to the preliminary reading of the University of Michigan’s Consumer Sentiment Index. The gauge slipped from 64.7 in February to 57.9, missing the market’s forecast.
Breaking it down further, the Current Conditions Index edged down from 65.7 to 63.5, while the Consumer Expectations Index moved from 64.0 to 54.2.
On the inflation front, the survey revealed a noticeable uptick in one-year inflation expectations—from 4.3% to 4.9%—and the five-year outlook rose from 3.5% to 3.9%.
Market reaction
The release of the indicator did not move the Greenback’s dial, with the US Dollar Index (DXY) resuming its downtrend after two-daily upticks in a row and revisiting the 103.80 region, down modestly for the day.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Bitcoin prices surge past $65,000 as U.S. and Iran reach a new agreement, with the $70,000 mark in sight this week.On June 15, Bitcoin ( BTC) continued its rebound, decisively breaking th
Gold Rallies for Third Straight Day. Trump Says US-Iran Deal Will Be Reached, Can Gold Prices Return Above $4,500? As of the Asian session today (June 15), driven by significant progress in US-Iran negotiations, gold prices today ( XAUUSD) gapped higher at the open, with intraday gains exceeding 2%; m
As of the Asian session today (June 15), driven by significant progress in US-Iran negotiations, gold prices today ( XAUUSD) gapped higher at the open, with intraday gains exceeding 2%; m
Gold rises to weekly high as US, Iran reach peace dealGold price (XAU/USD) rises to a weekly high during the Asian trading hours on Monday. The precious metal rebounds after the United States (US) and Iran had reached a deal to end their conflict, easing concerns about inflation and higher interest rates.
Gold price (XAU/USD) rises to a weekly high during the Asian trading hours on Monday. The precious metal rebounds after the United States (US) and Iran had reached a deal to end their conflict, easing concerns about inflation and higher interest rates.
As of the Asian session on June 12, gold ( XAUUSD) prices oscillated lower near $4,180. Yesterday, gold prices briefly dipped toward $4,000 before rebounding sharply above $4,200 on news
West Texas Intermediate (WTI) oil price remains subdued after registering over 5.5% losses in the previous day, trading around $85.00 per barrel during the Asian hours on Friday.
Related Instrument
