4/27/2021 2:06:39 PM GMT | By Eren Sengezer
CB Consumer Confidence Index rose sharply in April.
US Dollar Index clings to small daily gains below 91.00.
Consumer confidence in the US continued to improve in April with the Conference Board s Consumer Confidence Index rising to 121.7 from 109 in March. This reading beat the market expectation of 113 by a wide margin.
Further details of the publication showed that the Present Situation Index jumped to 139.6 from 110.1 and the Consumer Expectations Index edged higher to 109.8 from 108.3. Finally, the One-year Consumer Inflation Rate Expectations stayed unchanged at 6.7%.
Market reaction
The US Dollar Index showed no immediate reaction to this report and was last seen posting small daily gains at 90.88.
US: CB Consumer Confidence Index jumps to 109 7 in March cs 96 9 expected fxstreet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fxstreet.com Daily Mail and Mail on Sunday newspapers.
Jan 26, 2021 16:07 GMTFXStreet News
CB Consumer Confidence Index in US rose in January.
US Dollar Index edges lower toward 90.00 after the data.
Consumer confidence in the US improved modestly in January with the Conference Board’s Consumer Confidence Index rising to 89.3 from 87.1 (revised from 88.6) in December. This reading came in slightly better than the Reuters’ estimate of 89.
Further details of the publication showed that the Present Situation Index declined to 88.4 from 87.2 and the Consumer Expectations Index edged higher to 92.5 from 87. Finally, the One-year Consumer Inflation Rate Expectations declined to 5.8% from 6%.
Market reaction
The US Dollar Index remains under bearish pressure after this report and was last seen losing 0.25% at 90.17. Get the 5 most predictable currency pairs