UoM Consumer Sentiment survey falls unexpectedly

The University of Michigan released its consumer sentiment survey for August, showing an unexpected drop to 95.3 from 97.9 in July, while analysts estimated 98.1. 

As of 02:01 GMT, the dollar index fell 0.34% against an array of major rivals to 96.32, with a session-low at 96.27, and a high at 96.66. 

The current conditions gauge in the same survey fell to 107.8 from 114.4, while economic outlook steadied at 87.3. 

One-year inflation expectations steadied at 2.9%, while five-year expectations rose to 2.5% from 2.4%.