US Consumer Sentiment fell in February
The Thomson Reuters/University of Michigan preliminary sentiment index decreased to 93.6 from a final January reading of 98.1 that was the highest since the start of 2004. No change was expected this month. Prices at the gas pump have climbed this month from a six-year low, and the survey showed more Americans were less upbeat about the labor market after hearing of dismissals in the oil patch.
Consumers also said they were less enthusiastic about making big purchases. “Low gas prices have especially helped lower-income households, although consumers now widely anticipate that gas prices will edge upward during the year ahead,” Richard Curtin, director of the Michigan Survey of Consumers, said in a statement.
After the data USD weakened against its major rivals. Euro is currently being traded few points above 1.1420 level, Sterling is around 1.5410 area, while Aussie is slightly below 0.7780 level.
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