US: CB Consumer Confidence Index jumps to 135.7 in July from 121.5

Eren Sengezer FXStreet

The data published by the Conference Board (CB) today showed that the Consumer Confidence Index improved to 135.7 in July from 121.5 in June and came in better than the market expectation of 125, per Reuters. Moreover, the CB's Present Situation Index improved to 170.9 from 162.6 in the same period.

The strong sentiment data seem to be providing a boost to the Greenback, lifting the US Dollar Index to its highest level of the session at 98.16. As of writing, the DXY was a tad below that level, adding 0.1% on the day.

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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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