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U.S. consumer sentiment rises to 91.7 vs. 91.0 forecast

Published 02/26/2016, 10:02 AM
U.S. consumers proved more optimistic than expected
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Investing.com – U.S. consumer sentiment rose more than expected in February, according to a report published on Friday.

The final revision of the data for February from the University of Michigan's Consumer Survey Center showed that consumer sentiment advanced to 91.7, from the initial reading of 90.7 and January’s tally of 92.0.

Analysts had forecast a reading of 91.0.

Immediately after the release, U.S. stocks pared gains. The Dow 30 rose 27 points or 0.16%, while the S&P 500 traded up 3 points or 0.13% while the tech-heavy NASDAQ Composite advanced 13 points or 0.28% at 15:09GMT or 10:09AM ET.

EUR/USD was trading at 1.0962 from around 1.0972 ahead of the release of the data, GBP/USD was at 1.3909 from 1.3926 earlier, while USD/JPY was unchanged 113.55.

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