US Prelim UoM Consumer Sentiment preview - NAB

Dhwani Mehta FXStreet

Analysts at National Australia Bank (NAB) are out with their brief preview on the upcoming US prelim UOM consumer sentiment data, which will fill in an otherwise data-light US calendar today.

Key Quotes:

“US consumer sentiment is forecast to have lifted from 93.4 to 94.0 (after the July reading showed a quite pronounced dip).

This week's retail sales data told us that the dip fell into the category of "watch what they (consumers) do, not what they say". We're also interested in the inflation expectations reading, last at 2.6% and which has not been trending down unlike other inflation related readings of late.”

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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