4/16/2021 2:06:44 PM GMT | By Eren Sengezer
Consumer confidence in US continued to improve in April.
US Dollar Index stays in the negative territory below 91.60.
The Consumer Sentiment Index in the US rose modestly to 86.5 (preliminary) in April from 84.9 in March, the University of Michigan s latest Surveys of Consumers showed on Friday. This reading came in lower than the market expectation of 89.6.
Further details of the publication revealed that the Current Economic Conditions Index improved to 97.2 from 93 and the Consumer Expectations Index stayed unchanged at 79.7. Finally, the 1-year Inflation Outlook edged higher to 3.7% from 3.1%.
Market reaction
This report doesn t seem to be having a significant impact on the greenback s performance against its rivals. As of writing, the US Dollar Index was down 0.1% on the day at 91.57.
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US: UoM Consumer Sentiment Index improves to 84 9 (final) in March vs 83 6 expected
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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