- The CB consumer confidence index jumps above 100 points in March.
- The US Dollar DXY Index is holding on to strong daily gains around 93.30.
Consumer confidence in the US improved strongly in March with the Conference Board consumer confidence index increasing to 109.7 points from 90.4 in February. This reading beat the market expectation of 96.9 points by a wide margin.
Additional details from the post have shown that the current situation index jumped to 110 from 89.6 and consumer expectations index rose to 109.7 from 90.4. Lastly, one-year consumer inflation expectations rose to 6.7% from 6.5%.
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