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US Consumer Sentiment at a three-month low

Friday, Aug 28 2015
The University of Michigan consumer sentiment final index for the month fell to 91.9 from 93.1 in July. The median projection in a of economists called for a reading 93.2, little changed from the preliminary reading of 92.9. A measure of prospects for the economy over the next 12 months was the weakest since November.
 
Confidence withered in the second half of the month after U.S. stocks plunged on concerns about the Chinese economy. A resilient labor market and cheaper fuel may nonetheless keep sentiment from slumping, which will bolster consumer spending.
 
Data did not have any major impact on the markets. Euro is currently being traded few points above 1.1230 level, Sterling is around 1.5370 area, while Aussie is around 0.7130 level. 
More in this category: « German CPI unchanged in August USD - Major events in the week ahead »

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