US: CB Consumer Confidence declines to 103.00 in September
- CB Consumer Confidence Index in the US continued to decline in September.
- US Dollar Index holds steady at around 106.00.
Consumer sentiment in the US continued to weaken in September, with the Conference Board's Consumer Confidence Index declining to 103.00 from 108.7 in August (revised from 106.1).
Further details of the publication revealed that the Present Situation Index edged higher to 147.1 from 146.7 and the Consumer Expectations Index declined to 73.7 from 83.3.
"Notably, average 12-month inflation expectations have held steady over the past three months despite ongoing complaints about higher prices," the publication read.
Market reaction
These figures don't seem to be having a significant impact on the US Dollar's performance against its major rivals. As of writing, the US Dollar Index was up 0.05% on the day at 106.00.
Author
Eren Sengezer
FXStreet
As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.
