US CB Consumer Confidence declines to 97.0 in April
- CB Consumer Confidence Index declined sharply in April.
- US Dollar Index clings to daily gains near 106.00.
Consumer sentiment in the US weakened in April, with the Conference Board's Consumer Confidence Index dropping to 97.0, the lowest reading since July 2022, from 103.1 (revised from 104.7) in March.
"The Present Situation Index—based on consumers’ assessment of current business and labor market conditions—declined to 142.9 in April from a downwardly revised 146.8 in March," the Conference Board said in its press release.
The Expectations Index dropped to 66.4 from 74.0, while the 12-month inflation expectation remained stable at 5.3%.
Market reaction
The US Dollar Index retreated from session highs after this data and was last seen rising 0.25% on the day at 105.88.
Reprinted from FXStreet，the copyright all reserved by the original author.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.