UoM Consumer Sentiment survey drops unexpectedly

The University of Michigan's Consumer Sentiment survey fell to 96.8 in December from 98.5 in November, revised from 97.8, while analysts expected 99.0. 

As of 04:08 GMT, the dollar index, tracking the greenback against a basket of major rivals, rose to 93.91 from the opening of 93.79, with the highest since November 21 at 94.09, and a session-low at 93.79. 

The economic conditions indicator in the same survey rose to 115.9 from 113.5, while economic outlook fell to 84.6 from 88.9. 

One-year inflation outlook rose to 2.8% from 2.5%, while five-year inflation outlook rose to 2.5% from 2.4% in November.