I have a bit more confidence in this figure than in the Michigan data on Friday which showed a 2-year high!
Either way, the confidence figures have more political import than economic in the short-term… The risk is that the US government goes on another spending spree to try and improve animal spirits.
EUR/USD continues to chip away at bids in the 1.2160s. USD/JPY breached 88.50 briefly, touching 88.48.
