- CB Consumer Confidence Index declined by 5.4 points to 93 in June.
- USD Index stays deep in negative territory below 98.00.
Consumer sentiment in the US deteriorated in June, with the Conference Board's Consumer Confidence Index falling to 93 from 98.4 in May.
The Present Situation Index fell by 6.4 points to 129.1 in this period, while the Expectations Index declined by 4.6 points to 69.
Assessing the survey's findings, "consumers were less positive about current business conditions than May," said Stephanie Guichard, Senior Economist, Global Indicators at The Conference Board. "Their appraisal of current job availability weakened for the sixth consecutive month but remained in positive territory, in line with the still-solid labor market."
Market reaction
The US Dollar Index stays under bearish pressure after this report and was last seen losing 0.55% on the day at 97.80.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended content
Editors’ Picks
EUR/USD climbs to near 1.1750 as tariffs uncertainty downs the US Dollar
EUR/USD stays firm near 1.1750 in the European session on Tuesday. The pair is helped by renewed US Dollar weakness amid uncertainty around US President Trump's tariff plans. Additionally, optimism surrounding a likely EU-US trade deal underpins EUR/USD.
GBP/USD rises toward 1.3650 on renewed US Dollar weakness
GBP/USD advances toward 1.3650 in European trading on Tuesday. The US Dollar loses ground as traders adopt caution after US President Donald Trump announced updated tariff rates on 14 countries that have yet to secure trade deals with Washington, boding well for the pair.
Gold price drifts lower as reduced Fed rate cut bets offset trade jitters
Gold price attracts fresh sellers amid diminishing odds for a rate cut by the Fed in July. Concerns about the economic fallout from Trump’s tariffs weigh on investors’ sentiment. The emergence of some USD weakness might contribute to limiting losses for the XAU/USD pair.
Ripple CEO to speak on need for crypto market structure legislation ahead of Crypto Week
Ripple CEO Brad Garlinghouse announced on Monday that he will address the Senate Banking Committee on the need to pass the crypto market structure legislation ahead of the House's Crypto Week, scheduled for next week.
Eurozone Retail Sales drop in May, confirming second quarter weakness
The -0.7% month-on-month decline in retail sales coincided with a -0.3% decline in overall services activity in April. While surveys had previously indicated potential weakness in eurozone services for the second quarter, this concrete data confirms our expectations that GDP growth between April and June may have been negative.