UMich US consumer sentiment coming up next ...Middle East

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I maintain that the UMich monthly US consumer sentiment survey is nothing but a barometer of gasoline prices and partisan political anger. The latter is tough to gauge but gasoline prices are in a good place and that should offer a boost to sentiment. The consensus is for a 62.0 reading from 61.3.A stronger reading could add to the US dollar strength today but a particular focus will be on the inflation expectations numbers, which were previously at 4.5% on the one-year and 3.2% on the 5-10 year.The data is due at the top of the hour. This article was written by Adam Button at www.forexlive.com.

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