U.S Michigan Consumer Sentiment Rises 96.1 In Jun , USD Follows !

Forex UM min
Forex UM min

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 U.S Michigan Consumer Sentiment rose 96.1, form 94.6 in the previous month, U.S Michigan Consumer Sentiment was expected to remain unchanged 94.6.

Market Impact : This development is likely to advance USD , any pullback should be taken as an opportunity to USD on dips !!!