By CountingPips.com
A survey by the University of Michigan and Reuters released today showed that consumer sentiment rose to its highest level in nine months in June. The preliminary consumer sentiment survey increased to a 69.0 score in June after a score of 68.7 in April and 
increased for the fourth straight month. June’s score, despite the rise, failed to surpass market forecasts that had predicted the monthly survey would rise to approximately a 69.5 score.
The expectations index, which measures future economic sentiment, fell from 69.4 in May to 65.4 in June while the current conditions index, which measures current economic sentiment, increased from 67.7 in May to 74.5 in June. The 1-year inflation expectation gained a bit from 2.8 in May to 3.1 in June while the 5-year inflation outlook also gained from 2.9 to 3.1.
Forex Market – US Dollar rises in Forex today.
The U.S. dollar has been higher in forex trading today against the major currencies from the beginning of the day at 00:00 GMT. The dollar has gained versus the euro, pound, franc, aussie, kiwi, loonie and the yen.
The euro has fallen versus the dollar today as the EUR/USD has declined from today’s 1.4098 opening at 00:00 GMT to trading at approximately 1.4026 in the afternoon of the US trading session at 1:36pm EST according to currency data by Oanda. The British pound has decreased today versus the American currency as the GBP/USD has fallen from the 1.6550 opening to trading at 1.6493 dollars per pound.
The dollar has gained against the Japanese yen as the USD/JPY has risen from its 97.75 opening to trading at 98.22 yen per usd. The dollar has advanced higher against the Canadian loonie dollar after opening at 1.1081 earlier today to trading later at 1.1199.
The USD is also gaining today against the Swiss franc after opening at 1.0709 to trading at the 1.0756 exchange rate and reached an intraday high of 1.0847.
The Australian dollar has declined slightly versus the USD as the AUD/USD has gone from 0.8144 to trading at 0.8124 while the New Zealand dollar has also fallen very slightly against the dollar from 0.6432 usd per nzd to trading at 0.6422.
USD/CAD Chart – The US Dollar gaining sharply today against the Canadian Dollar in Forex Trading.
