US: Reuters/Michigan Consumer Sentiment Index falls in January against forecasts

FXstreet.com (Barcelona) - The US Reuters/Michigan Consumer Sentiment Index fell to 80.4 in January, from 82.5 recorded the previous month, according to preliminary data released today by the Reuters/University of Michigan. Analysts expected an increase to 83.5.

USD/CAD supported by US data

The USD/CAD spiked to fresh daily highs in the wake of US housing figures, but gains were short-lived with the pair quickly pulling back to pre-data levels.
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