US CB Consumer Confidence Index improves to 110.7 in December

US CB Consumer Confidence Index rose sharply in December.
US Dollar Index stays in tight daily range above 102.00.

Eren Sengezer FXStreet

Consumer sentiment in the US improved in December, with the Conference Board's Consumer Confidence Index rising to 110.7 from 101.0 in November (revised from 102.0).

Further details of the publication revealed that the Present Situation Index rose to 148.5 from 136.5 and the Consumer Expectations Index advanced to 85.6 from 77.4.

Finally, the one-year consumer inflation rate expectation edged lower to 5.6%.

Market reaction

The US Dollar Index edged slightly higher after the data and was last seen rising 0.1% on the day at 102.25.

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.

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