US CB Consumer Confidence Index declines by 3.8 points in December to 89.1
|- US CB Consumer Confidence Index declined by 3.8 points in December.
- The US Dollar Index stays in negative territory near 98.00.
Consumer sentiment in the United States weakened for the fifth consecutive month in December, with the Conference Board's Consumer Confidence Index declining to 89.1 from 92.9 in November.
"The Present Situation Index—based on consumers’ assessment of current business and labor market conditions—plummeted by 9.5 points to 116.8 in December," the Conference Board noted in its press release and added:
"The Expectations Index—based on consumers’ short-term outlook for income, business, and labor market conditions—held steady at 70.7."
Market reaction
The US Dollar Index stays under modest bearish pressure in the American session on Tuesday and was last seen losing 0.2% on the day at 98.05.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.