US Consumer Sentiment fell to 89.5
U.S. consumer sentiment unexpectedly fell in July to a three-month low, while expectations gauge showed that consumers were more pessimistic than forecast, according to a report published on Friday.
The preliminary publication of the data for June from the University of Michigan's Consumer Survey Center showed that consumer sentiment fell to 89.5, from May’s reading of 93.5. That was its lowest reading since last April. Analysts had forecast no change.
Separate report on industrial production showed that in June grew at the fastest monthly rate in eleven months, on the back of strong auto and utility output, but analysts said the sector was still likely to face headwinds in coming months. The Federal Reserve said Friday that industrial production grew 0.6% in June, topping the MarketWatch-compiled economist consensus for 0.5% growth. This is the fastest growth since last July.
Euro is currently being traded few points above 1.1070 area, Sterling is at 1.3240 level, while Aussie is around 0.7580 level.
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