A look at September 2020 US consumer sentiment from the University of Michigan:
- Prior was 74.1
Details:
- Expectations 73.3 vs 68.5 prior
- Current conditions 87.5 vs 82.9 prior
- 1 year inflation 2.7% vs 3.1% prior
- 5-10 year inflation 2.6% vs 2.7% prior
This is a better report. For me, this is a big test of the US dollar. It can't get off the floor this month despite all the volatility. Now we get a small beat on an important indicator and the initial move is small. I'm struggling to imagine what could boost the dollar.
