The University of Michigan consumer sentiment for the US was revised higher to 67 in February, the highest since January 2022, from a preliminary of 66.4. The gauge for expectations was revised higher to 64.7 from 62.3 while the current conditions subindex was revised lower to 70.7 from 72.6. Meanwhile, inflation expectations for the year were revised lower to 4.1% from 4.2% in the preliminary estimate and the 5-year outlook was unchanged at 2.9%.
Simultaneously, new home sales for January figures were released.
Start investing today or test a free demo
Open account Try demo Download mobile app Download mobile appSales of new single family houses in the US jumped 7.2% month-over-month to a seasonally adjusted annualized rate of 670K in January, following an upwardly revised 7.2% jump in December. It is the highest reading since March last year, beating market forecasts of 620K.
EURUSD rose slighlty after today’s data releases. The most popular currency pair bounced off daily lows at 1.0535, which is also lowest level since January 6. Source: xStation5
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
