US CB Consumer Confidence Index rises to 102 in November

US CB Consumer Confidence Index rose in November, after a negative revision to October figures.
US Dollar Index remains around 103.00, at monthly lows.

Matías Salord FXStreet

Consumer sentiment in the US recovered in November, with the Conference Board's Consumer Confidence Index rising to 102.0 in November from 99.1 in October (revised from 102.6).

Further details of the publication revealed that the Present Situation Index edged lower to 138.2 from 138.6 and the Consumer Expectations Index rose to 77.8 from 72.7.

Finally, the one-year consumer inflation rate expectation receded to 5.7% from 5.9%.

Market reaction

The US Dollar Index remained below 103.00, trading at its lowest level since mid-August.

Author

Matías Salord

FXStreet

Matías started in financial markets in 2008, after graduating in Economics. He was trained in chart analysis and then became an educator. He also studied Journalism. He started writing analyses for specialized websites before joining FXStreet.

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