FXStreet (Barcelona) – Previewing the US data releases ahead, Analyst at Danske Bank, Kristoffer Kjær Lomholt, expects the University of Michigan consumer confidence data to see a small gain to 91.0 in May.
Key Quotes
“In the US the June preliminary University of Michigan consumer confidence will give us additional information on the health of the US consumer after yesterday’s strong retail sales report. We expect a small increase to 91.0 following the fall in May, as increasing gasoline prices have moderated in June and it is likely the labour market has continued to improve. May producer prices are also due for release today.”
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