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.
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.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.