US: UoM Consumer Sentiment Index improves to 85.5 (final) in June from 82.9
- UoM Consumer Sentiment Index edged higher in May.
- US Dollar Index stays deep in the negative territory near mid-91.00s.
The Consumer Sentiment Index in the US improved modestly to 85.5 (final) in June from 82.9 in May, the University of Michigan's latest Surveys of Consumers showed on Friday. This reading came in weaker than the previous estimate and market expectation of 86.4.
Further details of the publication revealed that the Current Economic Conditions Index edged lower to 88.6 from 89.4 and the Consumer Expectations Index rose to 83.5 from 78.8.
Market reaction
This report doesn't seem to be having a significant impact on the greenback's performance against its rivals. As of writing, the US Dollar Index was down 0.28% on the day at 91.55.
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.
