Palladium rebounds from 13-month trough, dollar retreats for second day

Palladium prices rose over one percent in American trade off July 2017 lows, as the dollar index backed off June 2017 highs for another session, ahead of US consumer data later today.

As of 01:22 GMT, palladium rose 1.15% to $897.01 an ounce off 13-month lows, while the dollar index declined 0.33% to 96.32 against a basket of main currencies, moving away from recent 14-month highs. 

Now investors await University of Michigan's highly-regarded US consumer sentiment survey later today, expected to increase to 98.1 in August from 97.9.