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U.S. consumer sentiment drops unexpectedly to 90.0 vs. 92.2 forecast

Published 03/18/2016, 10:01 AM
U.S. consumers' optimism unexpectedly falls in March
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Investing.com – U.S. consumer sentiment unexpectedly fell in March, according to a report published on Friday.

The preliminary publication of the data for March from the University of Michigan's Consumer Survey Center showed that consumer sentiment fell to 90.0, from February’s tally of 91.7.

Analysts had forecast an increase in the reading to 92.2.

Immediately after the release, the Dow 30 rose 100 points or 0.57%, while the S&P 500 traded up 8 points or 0.38% while the tech-heavy NASDAQ Composite advanced 6 points or 0.12% at 14:04GMT or 10:04AM ET.

EUR/USD was trading at 1.1283 from around 1.1290 ahead of the release of the data, GBP/USD was at 1.4487 from 1.4494 earlier, while USD/JPY moved to 111.54 from 111.46.

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