Dollar slips on Michigan data- EUR/USD rises to new session highs
The latest University September Consumer sentiment index has just been released and it was a miss on most components. The index itself stood at 67.7, which below the expected reading of at least 69. The current conditions fell more markedly and the inflation expectation was well below forecasts too. That has fallen back to 3.1% from 3.5%. US yields have fallen on this news and the dollar has too. The EUR/USD just now rose to a new session high at 1.0685 which a fair way beyond the earlier session high at 1.0669. The GBP/USD is higher too and the USD/JPY is lower and that has helped gold to extend its upside break to above $1,928 now. The EUR/USD is currently trading at 1.0683
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