U.S Michigan Consumer Sentiment Rises 94.6 in Jun , Buy USD On Dips !

forex 26543
forex 26543

The University of Michigan Consumer Sentiment Index rates the relative level of current and future economic conditions. There are two versions of this data released two weeks apart, preliminary and revised. The preliminary data tends to have a greater impact. The reading is compiled from a survey of around 500 consumers.

The U.S Michigan Consumer Sentiment rose to 94.6, from 90.7 in the previous month , passing forecast at 91.5.

Market Impact : This development is likely to keep the USD up, any pullback  – for USD – should be taken as an opportunity to buy USD on dips !!!

Update : USDINDEX sees a corrective pullback towards the 94.55 levels before the next rise !!!!!