US: CB Consumer Confidence improves to 113.8 in October vs. 108.3 expected
|- US CB Consumer Confidence Index rose more than expected in October.
- US Dollar Index stays in a consolidation phase below 94.00.
Consumer confidence in the US strengthened in October with the Conference Board's Consumer Confidence Index rising to 113.8 from 109.8 in September. This reading came in higher than Reuters' estimate of 108.3.
Further details of the publication revealed that the Present Situation Index edged higher to 147.4 from 144.3 and the Consumer Expectations Index improved to 91.3 from 86.7.
Market reaction
This report doesn't seem to be having a significant impact on the dollar's performance against its rivals. As of writing, the US Dollar Index was up 0.03% on the day at 93.85.
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