US: CB Consumer Confidence Index declines to 102.9 in February from 106 in January

Consumer confidence in the US weakened in February.
US Dollar Index stays in the red below 104.50 after the data.

Eren Sengezer FXStreet

Consumer sentiment in the US deteriorated modestly in February with the Conference Board's Consumer Confidence Index declining to 102.9 from 106 in January (revised from 107.1). This reading came in below the Reuters estimate of 108.5.

Further details of the publication revealed that the Jobs Hard-to-Get Index edged lower to 10.5 from 11.1 and the one-year consumer inflation rate expectations declined to 6.3% from 6.7% in December.

Market reaction

The US Dollar Index stays on the back foot after this data and was last seen losing 0.17% on the day at 104.46.

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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