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.
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.