Consumer sentiment data from the University of Michigan

  • Prior was 98.5
  • Current conditions 115.9 vs 114.3 prior
  • Expectations 84.6 vs 90.5 exp
  • 1-year inflation expectations 2.8% vs 2.5% prior (highest since April 2016)
  • 5-10 year inflation exp 2.5% vs 2.4%

That jump in inflation expectations is bullish for the dollar.