Consumer sentiment climbed more than forecast in November as Americans took heart in lower interest rates and store discounts. The University of Michigan’s preliminary consumer sentiment index for this month rose to 93.1, a four-month high, from 90 in October, a report showed on Friday. The median projection called for a reading of 91.5.
“Confidence rose in early November mainly due to a stronger outlook for the domestic economy,” Richard Curtin, director of the Michigan Survey of Consumers, said in a statement. “Buying plans remained very favorable in early November due to low prices and currently low interest rates.”
Euro is currently being traded few points below 1.0740 level, Sterling is around 1.5210 handle, while Aussie is above 0.7110 area.
UK still likely to leave the EU with a negotiated agreement, says Number 10
Sentix Investors Confidence rose to 14.7 in August
German factory orders -4.0% seasonally adjusted on the previous month
China's July exports growth still seen holding up despite U.S. tariffs: Reuters poll
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