US UoM Consumer Confidence Index declines to 60.4 in November vs. 63.7 expected
|- UoM Consumer Confidence Index declined further in November.
- US Dollar Index stays in daily range bear 106.00 after the data.
Consumer sentiment in the US continued to weaken in November, with the University of Michigan's (UoM) Consumer Confidence Index declining to 60.4 from 63.8 in October. This reading fell short of the market expectation of 63.7.
Further details of the publication revealed that the Current Conditions Index fell to 65.7 from 70.6 and the Expectations Index retreated to 56.9 from 59.3.
The one-year inflation outlook jumped rose to 4.4% from 4.2%, while the 5-year inflation outlook climbed to 3.2% from 3%.
Market reaction
The US Dollar Index showed no immediate reaction to these data and was last seen posting small daily gains at 106.00.
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.