- The CB consumer confidence index fell sharply in April.
- The US Dollar Index is holding on to daily gains near 106.00.
US consumer sentiment weakened in April, with the Conference Board Consumer Confidence Index falling to 97.0, the lowest reading since July 2022, from 103.1 (revised from 104.7) in March.
“The current situation index – based on consumers' assessment of current business and labor market conditions – decreased to 142.9 in April from a downwardly revised 146.8 in March,” the Conference Board said in its statement. press.
The expectations index fell to 66.4 from 74.0, while 12-month inflation expectations remained stable at 5.3%.
Market reaction
The US Dollar Index retreated from session highs and stood at 105.88 points, up 0.25%.
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.
