5/28/2021 2:04:06 PM GMT | By Eren Sengezer
Consumer confidence in the US weakened modestly in May.
US Dollar Index stays in the positive territory above 90.00.
The Consumer Sentiment Index in the US declined to 82.9 (final) in May from 88.3 in April, the University of Michigan s latest Surveys of Consumers showed on Friday. This reading came in slightly higher than the flash estimate of 82.8 and matched the market expectation.
Further details of the publication revealed that the Current Economic Conditions Index declined to 89.4 from 97.2 and the Consumer Expectations Index edged lower to 78.8 from 82.7. Finally, the 1-year Inflation Outlook jumped to 4.6% from 3.4%.
Market reaction
The US Dollar Index retreated from session highs after this report and was last seen gaining 0.22% on the day at 90.20.
5/25/2021 2:07:15 PM GMT | By Eren Sengezer
CB Consumer Confidence Index fell modestly in May.
US Dollar Index stays relatively quiet below 90.00 after the data.
Consumer confidence in the US weakened modestly in May with the Conference Board s Consumer Confidence Index declining to 117.2 from 117.5 in April (revised from 121.7). This reading came in worse than Reuters estimate of 119.2.
Further details of the publication showed that the Present Situation Index improved to 144.3 from 131.9 and the Consumer Expectations Index fell to 99.1 from 107.9. Finally, the One-year Consumer Inflation Rate Expectations increased to 6.5% from 6.2% in April.
Market reaction
This report doesn t seem to be having a noticeable impact on the greenback s performance against its major rivals. As of writing, the US Dollar Index was losing 0.15% at 89.70.
US: CB Consumer Confidence Index declines to 117 2 in May vs 119 2 expected forexcrunch.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forexcrunch.com Daily Mail and Mail on Sunday newspapers.
4/30/2021 2:08:54 PM GMT | By Eren Sengezer
Consumer Confidence in the US continued to strengthen in April.
US Dollar Index extends daily rally beyond 91.00.
The Consumer Sentiment Index in the US improved to 88.3 (final) in April from 84.9 in March, the University of Michigan s latest Surveys of Consumers showed on Friday. This reading came in better than the market expectation and the flash estimate of 87.5 and 86.5, respectively.
Further details of the publication revealed that the Current Economic Conditions Index improved to 97.2 from 93 and the Consumer Expectations Index edged higher to 82.7 from 79.7. Finally, the 1-year Inflation Outlook increased to 3.4% from 3.1%.
Assessing the data, the renewed confidence is due to record federal stimulus spending, both recently passed and proposed, as well as the positive impact from a growing share of the population who are vaccinated, noted Surveys of Consumers chief economist, Richar