US: CB Consumer Confidence Index declines to 101.3 in April from 104 in March

CB Consumer Confidence Index declined slightly in April.
US Dollar Index clings to daily recovery gains above 101.50.

Eren Sengezer FXStreet

Consumer sentiment in the US weakened modestly in April with the Conference Board's Consumer Confidence Index edging lower to 101.3 from 104.0 in March (revised from 104.2).

Further details of the publication revealed that the Present Situation Index improved modestly to 151.1 from 148.9 and the Consumer Expectations Index declined to 68.1 from 74.

Finally, the one-year consumer inflation expectations ticked down to 6.2% in April from 6.3% in March.

Market reaction

The US Dollar Index extends its rebound after this data and was last seen rising 0.4% on the day at 101.72.

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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