US: CB Consumer Confidence Index rises to 117 in July

CB Consumer Confidence Index in the US rose further in July.
US Dollar Index stays in positive territory slightly above 101.50.

Eren Sengezer FXStreet

Consumer sentiment in the US continued to improve in July, with the Conference Board's Consumer Confidence Index rising to 117.0 from 110.1 (revised from 109.7) in June.

Further details of the publication revealed that the Present Situation Index climbed to 160.0 from 155.3 and the Consumer Expectations Index advanced to 88.3 from 80.

Finally, the one-year consumer inflation expectations edged lower to 5.7%.

Market reaction

The US Dollar preserves its strength following the upbeat consumer sentiment data. As of writing, the US Dollar Index was up 0.15% on the day at 101.55.

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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