Michigan Consumer Expectations comes in at 55.4 against 54 consensus

Michigan Consumer Expectations for July 31, 2026, was released today at 55.4. This figure came in above the market consensus, which had anticipated a reading of 54. The previous release also stood at 54. The actual print represented a 2.6% surprise compared to the consensus estimate.

In the 15 minutes following the release, several currency pairs and gold showed movement. AUDUSD moved -7.5 pips, close to its median 1-hour move of 8 pips after past releases. EURUSD moved +6.1 pips, which is smaller than its median 1-hour move of 12 pips. GBPUSD moved +6.2 pips, smaller than its median 1-hour move of 16 pips. NZDUSD moved -0.9 pips, a smaller move compared to its median 1-hour move of 7 pips. USDCAD moved +13 pips, matching its median 1-hour move of 13 pips. USDCHF moved -5.7 pips, smaller than its median 1-hour move of 9 pips. USDJPY moved -15 pips, larger than its median 1-hour move of 12 pips. XAUUSD moved +38 pips, which is larger than its median 1-hour move of 30 pips.