US: CB Consumer Confidence Index declines to 106.1 in August

CB Consumer Confidence Index in the US retreat more than expected in August.
US Dollar Index declines below 104.00 after US data.

Matías Salord FXStreet

Consumer sentiment in the US deteriorated in August, with the Conference Board's Consumer Confidence Index falling to 106.1 from 114.0 (revised from 117.0) in July.

Further details of the publication revealed that the Present Situation Index dropped to 114.8 from 153.0, and the Consumer Expectations Index slid to 80.2 from 88.

Market reaction

Alongside the CB Consumer Confidence data, the JOLTS Job Openings report was released. The US Dollar Index lost ground falling toward daily lows under 104.00.

Author

Matías Salord

FXStreet

Matías started in financial markets in 2008, after graduating in Economics. He was trained in chart analysis and then became an educator. He also studied Journalism. He started writing analyses for specialized websites before joining FXStreet.

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