More good news regarding the US shopper: consumer sentiment rose to 84.6 points in August according to the University of Michigan. This beats expectations and last month’s data.
Towards the publication, EUR/USD traded around the 1.2920 pivotal line, GBP/USD around 1.6230 after mixed Scottish polls, USD/JPY was running up to 107.30 and AUD/USD was down under 0.9040. The dollar is somewhat stronger against other currencies.
Update:Â business inventories are up 0.4%.
Among the various components, the Expectations figure is up to 75.6 points and current conditions are down to 98.5 points. Inflation expectations are lower.
The initial consumer sentiment from the University of Michigan / Reuters was expected to tick up to 83.2 in September after 82.5Â according to the final figure for August.
Here is the preview:Â EUR/USD: Trading the UoM Consumer Sentiment
Earlier, the US reported better than expected retail sales: they rose by 0.6%, with a good core number and also upwards revisions. The US business inventories are released and will be the final data point for the week, which has been very exciting, especially for GBP, AUD and JPY.
