US CB Consumer Confidence Index declines to 102.6 in October

US CB Consumer Confidence Index continued to decline in October.
US Dollar Index extends daily rebound beyond 106.50.

Eren Sengezer FXStreet

Consumer sentiment in the US continued to weaken in October, with the Conference Board's Consumer Confidence Index declining to 102.6 from 104.3 in September (revised from 103).

Further details of the publication revealed that the Present Situation Index edged lower to 143.1 from 146.2 and the Consumer Expectations Index fell to 75.6 from 76.4.

Finally, the one-year consumer inflation rate expectation stood at 5.9%.

Market reaction

The US Dollar Index extended its daily rebound after this report and was last seen rising 0.4% on the day at 106.55.

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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