US: CB Consumer Confidence Index improves to 104.2 in March from 103.4 in February
|- Consumer confidence in the US improved slightly in March.
- US Dollar Index recovers above 102.50 with the initial reaction.
Consumer sentiment in the US improved modestly in March with the Conference Board's Consumer Confidence Index edging higher to 104.2 from 103.4 in February (revised from 102.9).
Further details of the publication revealed that the Present Situation Index declined to 151.1 from 153 and the Consumer Expectations Index rose to 74 from 70.4
Finally, the one-year consumer inflation expectations ticked up 6.3% in March from 6.2% in February (revised from 6.2%).
Market reaction
The US Dollar Index edged slightly higher with the initial reaction and was last seen losing 0.18% on the day at 102.65.
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.