- Highest since 2007
- Prior was 86.0
- Present situation 93.7 vs 93.0 prior
- Expectations 95.0 vs 86.4 prior
- Jobs hard to get 29.1 vs 29.4 prior
The US dollar has retraced its earlier losses against the euro, yen and Australian dollar after the report.
I’m a bit skeptical of the huge jump in the index because it comes almost entirely on the rise in expectations. Expectations were similarly high in early 2011 but by the end of that year, the index was at a two-year low.
