The University of Michigan (UoM) will release the preliminary estimate of June’s Consumer Sentiment Index on Friday.
Nomura’s Dominic Bunning and colleagues note that while the Dollar bull case remains supported by strong US data, higher Fed rate expectations and robust US equities, historical patterns around US data surprises point to downside risks for USD over the next few months.
Dow Jones futures remain steady around 50,880 during the European hours on Friday, ahead of the US regular opening. However, S&P 500 futures inch lower 0.09% to near 7,390, and Nasdaq 100 futures lose 0.29 %, trading near 29,380 at the time of writing.