- CB’s consumer confidence index rose more than expected in June.
- The US Dollar Index is holding on to daily gains above 92.00.
Consumer confidence in the United States strengthened in June, according to the Conference Board’s Consumer Confidence Index record. The indicator rose to 127.3 from 120 in May. This reading was better than Reuters’s estimate of 119.
Other details from the release showed that the Current Situation Index improved to 157.7 from 148.7, while the Consumer Expectations Index advanced to 107 from 100.9. Lastly, one-year consumer inflation rate expectations rose to 6.7% from 6.5%.
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