- US CB Consumer Confidence Index declined in January.
- The US Dollar Index consolidates daily gains slightly below 108.00.
Consumer sentiment in the US deteriorated in January, with the Conference Board's (CB) Consumer Confidence Index declining to 104.1 from 109.5 in December.
In this period, the Present Situation Index fell by 9.7 points to 134.3 and the Expectations Index dropped to 83.9.
Assessing the survey's findings, "views of current labor market conditions fell for the first time since September, while assessments of business conditions weakened for the second month in a row," said Dana M. Peterson, Chief Economist at The Conference Board.
"Meanwhile, consumers were also less optimistic about future business conditions and, to a lesser extent, income. The return of pessimism about future employment prospects seen in December was confirmed in January," Peterson added.
Market reaction
The US Dollar Index largely ignored this report and was last seen rising 0.42% on the day at 107.87.
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 tumbles to new lows, breaks below 1.1600
On Tuesday, the US Dollar Index (DXY) reached new highs, while EUR/USD fell to new multi-week lows in the sub-1.1600 support level. The solid US CPI data reinforced the Fed's cautious narrative, providing the Dollar a boost at the cost of risk assets.
GBP/USD flirts with multi-week lows near 1.3380
GBP/USD has extended its recent break below the critical 1.3400 support level, flirting with four-week lows as sentiment towards the US Dollar intensifies. Later in the day, investors are expected to carefully watch Governor Bailey and Chancellor Reeves' speeches at the Mansion House event.
Gold's selling pressure picks up pace, focus on $3,320
Gold prices now lose the grip and prompt the precious metal to retreat to daily troughs near the $3,320 mark per troy ounce. The increasing selling pressure around the yellow metal comes in response to a stronger US Dollar, rising US yields across the curcve, and the idea that the Fed might remain cautious for longer.
Pi Network Price Forecast: PI test crucial support level amid bullish RSI divergence
Pi Network edges lower by 2% at press time on Tuesday, failing to join the bandwagon of altcoins fueled by Bitcoin reaching record high levels. The increasing supply pressure on Centralized Exchanges and the token unlocks fuel the declining trend in PI token, resulting in a retest of the $0.4460 support level.
China’s first-half growth remains on track, though activity data signals caution
China's second-quarter GDP beat forecasts again with a 5.2% year-on-year growth, driven by strong trade and industrial production. Yet sharper-than-expected slowdowns in fixed-asset investment and retail sales and falling property prices are a concern.
Best Brokers for EUR/USD Trading
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.