- CB consumer confidence rose to 111.7 in November.
- The Dollar Index remains in a daily range slightly below 107.00.
US consumer sentiment improved in November, with the Conference Board (CB) Consumer Confidence Index rising to 111.7 from 109.6 in October.
The Current Situation Index increased by 4.8 points to 140.9 in the same period, while the Expectations Index rose to 92.3.
Evaluating the survey results, “consumer confidence continued to improve in November and reached the top of the range that has prevailed over the past two years,” said Dana M. Peterson, Chief Economist at The Conference Board. “November’s increase was primarily driven by more positive consumer assessments of the current situation, particularly as it relates to the labor market.”
Market reaction
The Dollar Index showed no immediate reaction to this data and was last seen posting small daily gains at 106.90.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
