US CB Consumer Confidence edges higher to 91.8 in March
The consumer sentiment in the United States (US) improved slightly in March, with the Conference Board's Consumer Confidence Index edging higher to 91.8 from 91 in February (revised from 91.2).
"The Expectations Index—based on consumers’ short-term outlook for income, business, and labor market conditions—declined by 1.7 points to 70.9," the Conference Board noted in its press release and added: "While not obvious in the headline or its component indexes, the weight of rising costs due to tariff passthrough and spiking oil prices was evident among other measures in the survey like inflation expectations."
Market reaction
The US Dollar Index (DXY) remains in the lower half of its daily range and was last seen losing 0.4% at 100.08.
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.
