The University of Michigan consumer sentiment survey shows continued deterioration. The early November reading is 66.0 versus expectations for 71.0. This suggests timid consumers for the coming holiday shopping season.
UPDATE; ECB’s Weber warns exorbitant credit growth in China risks big write downs in the future. Bad for the risk trade, that…
EUR/USD trades with an offered tone. As Lilac noted, there is talk of a report from a US fund adviser suggesting a dovish ECB. EUR/USD trades at 1.4830.
