US CB Consumer Confidence Index edges lower to 100.4 in June
- US CB Consumer Confidence Index edged lower in June, the Present Situation Index improved.
- The US Dollar Index stays in positive territory above 105.50.
Consumer sentiment in the US weakened slightly in June, with the Conference Board's Consumer Confidence Index declining to 100.4 from 101.3 (revised from 102.00) in May. The Present Situation Index improved to 141.5 from 140.8 in the same period, while the Expectations Index fell to 73.0 from 74.9.
Commenting on the survey's findings, "confidence pulled back in June but remained within the same narrow range that’s held throughout the past two years, as strength in current labor market views continued to outweigh concerns about the future," said Dana M. Peterson, Chief Economist at The Conference Board. "However, if material weaknesses in the labor market appear, Confidence could weaken as the year progresses."
Market reaction
The US Dollar Index edged higher with the immediate reaction and was last seen gaining 0.25% on the day at 105.74.
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.
