US DATA REACT:

Market news

11 March 2011

US DATA REACT:

Economist Ellen Beeson Zentner at BTM-UFJ says turmoil in Mideast and rising gas prices sank Univ Michigan's consumer sentiment 9.3 pts in prelim Mar reading. She also says that's why short-term infl expectations jumped, 1y measure at 4.6% from 3.4% in Feb, and why households said expectations of the health of future finances fell.

EUR/USD printed highs atop $1.3880 now, where offers were noted. Resistance ahead at the $1.3925 area of yesterday's high, then - ahead of $1.4000.

USD/JPY weakens

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