Daily digest market movers: CAD soft on Friday, but Greenback softer
- Markets focused squarely on US consumer sentiment figures on Friday, finding one last reason to hit the short button on Greenback flows.
- The University of Michigan’s Consumer Sentiment Index rose to 67.8 in August, up from the previous 66.4.
- Market sentiment lurched higher after the sentiment index handily beat the forecast of 66.9.
- Consumer 5-year Inflation Expectations and held steady at 3.0% in August, unchanged from the previous month.
- The Jackson Hole Symposium begins next Thursday, plenty of central bank policymaker appearances are expected.
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