BREAKING: Michigan Consumer Sentiment well above expectations

The University of Michigan’s consumer sentiment rose from  76.8 pts in February to 83.0 pts in March against expected 78.5 pts. Consumer Expectations index came in at 77.5 pts vs expected 74.0 pts, while Current Conditions index amounted to 91.5 pts, above  market expectations of  88.3 pts.

EURUSD saw a relatively small reaction to today’s data releases. The most popular currency pair continues to trade around 1.1930 level.