US: CB Consumer Confidence Index improves to 127.3 in June vs. 119 expected

CB Consumer Confidence Index came in higher than expected in June.
US Dollar Index clings to daily gains above 92.00.

Eren Sengezer FXStreet

Consumer confidence in the US strengthened in June with the Conference Board's Consumer Confidence Index rising to 127.3 from 120 in May. This reading came in better than Reuters' estimate of 119.

Further details of the publication showed that the Present Situation Index improved to 157.7 from 148.7 the Consumer Expectations Index edged higher to 107 from 100.9. Finally, the One-year Consumer Inflation Rate Expectations increased to 6.7% from 6.5%.

Market reaction

The US Dollar Index preserves its bullish momentum on Tuesday and was last seen gaining 0.28% on the day at 92.13.

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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