Search ForexCrunch

The preliminary consumer sentiment report by the University of Michigan dropped to 72 points. It was expected to show a score of around 75 points. A revision is expected later in the month.

This is the figure for November, after the government shutdown, making it somewhat disappointing.

Earlier, Non-Farm Payrolls surprised to the upside by rising 204K, much more than 130K that was expected. Despite distortions due the government shutdown, the strong report helped the dollar and raised the chances of QE tapering in December.

The dollar seems to be unaffected by the small drop, as the excellent NFP has the upper hand. EUR/USD is at 1.3350 after losing 1.34 before the jobs report. GBP/USD is below 1.60 after giving a fight. USD/JPY is climbing towards 99 once again.

Opinion:  Dectaper getting more real after the strong NFP