- Economic sentiment in the US continued to improve in February.
- The US Dollar Index retains its bullish momentum after the data.
The IBD / TIPP Economic Optimism Index published by Investor’s Business Daily (IBD) it rose to 51.9 in February from 50.1 in January and beat the market expectation of 51.
“Americans are a bit more optimistic about the prospects for the US economy as vaccines accelerate and Covid cases are at their peak,” the post reads.
On a negative note, “the IBD / TIPP survey finds that 43% of households have at least one member who is out of work and looking for work. Another 38% are concerned about job loss at home,” he noted. the IBD.
Market reaction
The US Dollar Index extended its daily rally after this report and was last seen gaining 0.3% on the day at 91.23.
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