US CB Consumer Confidence Index declines to 93 in June
|- CB Consumer Confidence Index declined by 5.4 points to 93 in June.
- USD Index stays deep in negative territory below 98.00.
Consumer sentiment in the US deteriorated in June, with the Conference Board's Consumer Confidence Index falling to 93 from 98.4 in May.
The Present Situation Index fell by 6.4 points to 129.1 in this period, while the Expectations Index declined by 4.6 points to 69.
Assessing the survey's findings, "consumers were less positive about current business conditions than May," said Stephanie Guichard, Senior Economist, Global Indicators at The Conference Board. "Their appraisal of current job availability weakened for the sixth consecutive month but remained in positive territory, in line with the still-solid labor market."
Market reaction
The US Dollar Index stays under bearish pressure after this report and was last seen losing 0.55% on the day at 97.80.
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.