- US consumer confidence improved more than anticipated in September.
- The University of Michigan survey showed that the five-year inflation expectation remained at 3.1%.
US consumer confidence improved in September, with the University of Michigan Consumer Sentiment Index rising to 70.1 from 66 in August. This reading exceeded the market expectation of 69.3. “Sentiment appears to be gaining momentum as consumer expectations for the economy improve,” the report says.
The current conditions index improved to 63.3 from 61.3, and the consumer expectations index rose to 74.4 from 72.1.
The survey details revealed that the five-year inflation expectation remained at 3.1%.
Market reaction
The report gave a modest boost to the US dollar, helping the USD regain some ground after the sharp drop resulting from softer-than-anticipated inflation figures.
US Dollar PRICE Today
The table below shows the percentage change of the US Dollar (USD) against major currencies today. US dollar was the strongest currency against the Canadian dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.05% | 0.06% | -1.61% | 0.11% | -0.47% | -0.54% | -0.54% | |
| EUR | 0.05% | 0.10% | -1.56% | 0.12% | -0.41% | -0.50% | -0.46% | |
| GBP | -0.06% | -0.10% | -1.66% | 0.03% | -0.52% | -0.59% | -0.57% | |
| JPY | 1.61% | 1.56% | 1.66% | 1.73% | 1.16% | 1.08% | 1.14% | |
| CAD | -0.11% | -0.12% | -0.03% | -1.73% | -0.59% | -0.64% | -0.62% | |
| AUD | 0.47% | 0.41% | 0.52% | -1.16% | 0.59% | -0.07% | -0.05% | |
| NZD | 0.54% | 0.50% | 0.59% | -1.08% | 0.64% | 0.07% | 0.02% | |
| CHF | 0.54% | 0.46% | 0.57% | -1.14% | 0.62% | 0.05% | -0.02% |
The heat map shows percentage changes for major currencies. The base currency is selected from the left column, while the quote currency is selected from the top row. For example, if you choose the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change shown in the box will represent USD (base)/JPY (quote).
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.
