- The US central bank’s Consumer Confidence index rose more than expected in July.
- The US dollar index trades with modest daily losses around 92.50.
Consumer confidence in the United States strengthened in July, with the Conference Board’s Consumer Confidence Index rising to 129.1 from 128.9 in June. This reading was better than Reuters’ estimate of 123.9.
Other details from the release showed that the Current Situation Index improved to 160.4 from 159.6 and the Consumer Expectations Index was unchanged at 108.4. Lastly, one-year consumer inflation rate expectations fell to 6.6% from 6.7%.
Market reaction
The US dollar index did not show an immediate reaction to this report and was last seen losing 0.1% on a daily basis at 92.54.
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