US: CB Consumer Confidence drops to 109.3 in September from115.2 previous
|- US CB Consumer Confidence Index fell to 109.3 for the current month.
- US Dollar Index holds steady near one-month tops, around the 93.75 area.
The Conference Board Consumer Confidence Index declined again in September and now stands at 109.3. The previous month's reading was revised higher to 115.2 from 113.8 reported earlier.
Further details of the publication revealed that the Present Situation Index — based on consumers’ assessment of current business and labor market conditions — fell to 143.4 from 148.9 last month. The Expectations Index — based on consumers’ short-term outlook for income, business, and labor market conditions — fell to 86.6 from 92.8.
Market reaction
The market reacted little to the data as the focus remains on Fed Chair Jerome Powell's testimony before the Senate Banking Committee. Meanwhile, the US Dollar Index stood tall near the highest level since August 20, with bulls eyeing a move to reclaim the 94.00 mark.
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