US consumer sentiment, as measured by the University of Michigan, dropped to 82.7 points. It was expected to edge up from 84.5 to 84.9 points in June. The previous figure was the highest since July 2007. This is the preliminary reading. The indicator became more significant in recent months.
EUR/USD is on the rise and USD/JPY is below 95 once again.
US industrial output remained flat in May, falling short of expectations for a gain of 0.3%. The capacity utilization rate slid from 77.9% to 77.6%.
Earlier, the TIC Long-Term Purchases disappointed by turning negative: an outflow of 37.3 billion dollars – the third consecutive negative number.
PPI rose by 0.5% and the current account deficit came out better than expected in the first round of US figures released today. This helped the dollar a bit.
The market’s focus is moving towards the FOMC decision next week, on June 19th.
