Reuters/Michigan index »
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Forex » USD/CAD Continues Lower Amid Prevailing US Dollar WeaknessH.S. Borji - February 13, 2015, 15:57 GMTThe USDCAD declined further on Friday and was trading at daily lows in the North American session, as investors continued to reduce their bets on the US dollar following disappointing retail sales and consumer confidence data. The USDCAD bottomed out at 1.2439 on Friday. It would subsequently consolidate at 1.2439, declining 0.58 percent. The pair
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The US dollar declined against a basket of currencies Monday, as concerns about a weak global economy weighed on the Federal Reserve. Economic data will play a key role in dictating price action this week, as retail sales, business inventories, housing and consumer confidence data are scheduled for release. The US dollar index, a weighted
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As the US economy heads for growth in the region of 3.5% this year there has been a broad update in economic statistics today that largely confirm everything remains on track. The headline metric is the Reuters Michigan Consumer Sentiment Index, the preliminary September number has just been announced as 84.6, this reflects a rise
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The US dollar advanced against a basket of currencies Friday and is pacing for a weekly gain of 0.5 percent, as investors weighed monetary policy and geopolitical tensions against disappointing US data. The US dollar index, which gauges the performance of the greenback against a basket of major rivals, advanced 0.12 percent to 80.60. The
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US business inventories increased steadily in May, supporting expectations of a sharp rebound in economic growth in the second quarter. Business inventories rose 0.5 percent in May, following a gain of 0.6 percent in April that was the biggest in six months, the Commerce Department reported today in Washington. The reading was slightly below forecasts
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A key US confidence statistic has just been released for the month of June. The Reuters/Michigan Sentiment Index is now reading at 82.5, this is a minor change on the May print of 81.9 and compares to a consensus estimate for an 82.0 reading this month. Whereas business confidence readings are holding up well in
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US consumer confidence in May fell from a nine-month high, as concerns about wage growth undermined an otherwise positive outlook. The University of Michigan’s consumer sentiment index declined from 84.1 to 81.8, according to a preliminary estimate. A median estimate of market analysts called for a slight increase to 84.5. Consumers’ appraisal of both the
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The key US sentiment measure, the Reuters/Michigan Consumer Sentiment Index has just been released for the month of April. The current reading is 84.1, this is once again higher beating the previous month’s figure of 80 and also topping the consensus estimate for a reading of 83. Despite the natural optimism in built in the
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US consumer confidence rose more than forecast this month, as brighter job prospects and a stronger outlook helped boost sentiment after a long winter. The University of Michigan’s consumer sentiment index increased from 80 to 82.6 in April, a nine-month high, the preliminary reading showed today. Economists forecast a slight gain to 81. Consumer sentiment
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The key monthly Reuters / Michigan Consumer Sentiment Index has come in at 82.6 against a previous months reading of 80 and a consensus estimate of 81.0, these is a preliminary reading and will be revised later next week. This statistic compiled jointly by Reuters and the University of Michigan reflects consumer confidence in the
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