US CB Consumer Confidence edges higher to 92.8 in April

CB Consumer Confidence rose to 92.8 in April.
The US Dollar Index stays in positive territory above 98.50.

Eren Sengezer FXStreet

Consumer sentiment in the United States (US) improved slightly in April, with the Conference Board's (CB) Consumer Confidence Index rising to 92.8 in April from 92.2 in March.

"The Present Situation Index—based on consumers’ assessment of current business and labor market conditions—retreated by 0.3 points to 123.8," the CB noted in its press release. "The Expectations Index—based on consumers’ short-term outlook for income, business, and labor market conditions—rose by 1.2 points to 72.2."

Market reaction

This report failed to trigger a noticeable market reaction. At the time of press, the US Dollar Index was up 0.25% on the day at 98.74.

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.

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