- The University of Michigan Consumer Confidence Index rose in May.
- The US Dollar Index remains deep in negative territory near 91.50.
The Consumer Sentiment Index in the US. it modestly improved to 85.5 (final) in June from 82.9 in May, the latest Consumer Surveys from the University of Michigan showed on Friday. This reading was weaker than the previous estimate and the market expectation of 86.4.
Further details from the release revealed that the Current Economic Conditions Index fell to 88.6 from 89.4 and the Consumer Expectations Index rose to 83.5 from 78.8.
Market reaction
This report does not appear to have a significant impact on the performance of the dollar against its rivals. At time of writing, the US Dollar Index was down 0.28% on the day at 91.55.
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