US: CB Consumer Confidence Index rises to 108.00 in September

Consumer sentiment in the US continued to improve in September.
US Dollar Index rebounded to the 114.00 area with the initial reaction to the data.

Eren Sengezer FXStreet

The data published by the Conference Board showed on Tuesday that the Consumer Confidence Index rose to 108.00 in September from 103.6 in August (revised from 103.2).

Further details of the publication revealed that the Consumer Present Situation Index climbed to 149.6 from 145.3 and the Consumer Expectation Index rose to 80.3 from 75.8. Finally, the 1-year Consumer Inflation Rate Expectations declined to 6.8% from 7%.

Market reaction

With the initial reaction, the US Dollar Index extended its recovery and was last seen posting small daily losses at 114.02.

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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