UoM Consumer Sentiment survey falls below forecasts

The University of Michigan released the preliminary reading for its consumer sentiment survey, showing a dip to 97.1 in July from 98.2 in June, missing forecasts of 98.1. 

As of 02:03 GMT, the dollar index, tracking the greenback against a basket of major rivals, rose 0.20% to 95.02 from the opening of 94.83, with an intraday low at 94.81, and a two-week high at 95.24. 

The current economic conditions gauge in the same survey fell to 113.9 from 116.5, while economic outlook rose to 86.4 from 86.3. 

One-year inflation outlook fell to 2.9% from 3%, while three-year inflation outlook fell to 2.4% from 2.6%.