Consumer sentiment fell to its second-lowest reading on record in May, inching down for the fifth straight month as the potential impacts of tariffs loom large in the American psyche.

EUR/USD retraces its recent gains from the previous session, trading around 1.1620 during the Asian hours on Thursday. Traders will likely observe Eurozone Harmonized Index of Consumer Prices (HICP) data scheduled to be released later in the day. Focus will shift toward the US Retail Sales data for June, due later in the North American session.

Pierre Bienaimé: Consumer sentiment in the US falls for a fifth straight month as inflation worries rise. Plus universities are feeling the financial strain from President Trump's funding cuts.

Consumer sentiment, according to the Conference Board’s June 2025 index (93.0), is down 18% from its December 2024 peak, with weaker vacation intentions and increased savings (4.5% rate).

The recent Swiss hotter inflation report for June weakens the likelihood of further policy easing by the Swiss National Bank (SNB). SNB officials are expected to keep the interest rate unchanged at 0% in September, with many analysts projecting it will likely stay at that level through 2026.

Business US consumer sentiment slides to 3-year lows as trade war raises inflation anxiety The survey found consumers are increasingly worried about rising inflation.

(The Hill) – Consumer sentiment nosedived in April to the lowest level since the peak of the postpandemic inflation surge as President Trump’s trade battles shake the global economy. Sentiment ...

Pierre Bienaimé: Consumer sentiment in the US falls for a fifth straight month as inflation worries rise, plus universities are feeling the financial strain from President Trump's funding cuts.

(The Hill) – Consumer sentiment nosedived in April to the lowest level since the peak of the postpandemic inflation surge as President Trump’s trade battles shake the global economy. Sentiment ...