US CB Consumer Confidence Index declines to 93 in June
- 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.
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.
