How does the Michigan Consumer Sentiment Index affect the bond market and foreign exchange?
Michigan Consumer Sentiment Index is a consumer confidence index published monthly by the University of Michigan. The index is normalized to have a value of 100 in December 1964. Each month at least 500 telephone interviews are conducted of a continental United States sample. Index has implications that can influence the value of the dollar, stocks, and bonds. Thomson Reuters used to be an exclusive distributor of the University of Michigan's survey results. So, as this Index provides a statistical information about the markets, this info may influence the expectations about the bond market and foreign exchange.