US UoM Consumer Confidence Index rises to 70.1 in September
- Consumer confidence in the US improved by more than anticipated in September.
- UoM survey showed five-year inflation expectation held steady at 3.1%.
Consumer confidence in the US improved in September, with the University of Michigan's Consumer Sentiment Index edging higher to 70.1 from 66 in August. This reading came in above the market expectation of 69.3. “Sentiment appears to be building some momentum as consumers’ expectations for the economy brighten,” the report reads.
The Current Conditions Index improved to 63.3 from 61.3 7, and the Consumer Expectations Index rose to 74.4 from 72.1
The survey details revealed that the five-year inflation expectation held steady at 3.1%.
Market reaction
The report gave the US Dollar a modest boost, helping the USD to recover some ground after the sharp slide resulting from softer-than-anticipated inflation-related figures.
US Dollar PRICE Today
The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the Canadian Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.05% | 0.06% | -1.61% | 0.11% | -0.47% | -0.54% | -0.54% | |
| EUR | 0.05% | 0.10% | -1.56% | 0.12% | -0.41% | -0.50% | -0.46% | |
| GBP | -0.06% | -0.10% | -1.66% | 0.03% | -0.52% | -0.59% | -0.57% | |
| JPY | 1.61% | 1.56% | 1.66% | 1.73% | 1.16% | 1.08% | 1.14% | |
| CAD | -0.11% | -0.12% | -0.03% | -1.73% | -0.59% | -0.64% | -0.62% | |
| AUD | 0.47% | 0.41% | 0.52% | -1.16% | 0.59% | -0.07% | -0.05% | |
| NZD | 0.54% | 0.50% | 0.59% | -1.08% | 0.64% | 0.07% | 0.02% | |
| CHF | 0.54% | 0.46% | 0.57% | -1.14% | 0.62% | 0.05% | -0.02% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote).
Author
Valeria Bednarik
FXStreet
Valeria Bednarik was born and lives in Buenos Aires, Argentina. Her passion for math and numbers pushed her into studying economics in her younger years.
