Consumer sentiment according to the University of Michigan is again heading downwards. For January, the sentiment index falls to 68.8 points against an expectation of 70 points and the previous level of 70.6 points. Rising prices and uncertainty about the coronavirus are responsible for the low sentiment. Inflation expectations for the 1-year outlook point to 4.9%, compared to 4.8%.
BREAKING: EURUSD with limited reaction to near-consensus CPI data from the eurozone 🔎
Economic calendar: Eurozone CPI flash data reading in focus
BREAKING: UK house prices growth beats expectations
BREAKING: EURUSD ticks higher after weaker US ISM report 🔎