US: CB Consumer Confidence improves to 108.3 in December

CB Consumer Confidence Index in the US rose in December.
US Dollar Index retreats toward 104.00 in the American session.

Eren Sengezer FXStreet

Consumer sentiment in the US continued to improve in the US with the Conference Board's Consumer Confidence Index rising to 108.3 from 101.4 in November. This reading came in better than Reuters' estimate of 101.0.

Further details of the publication revealed that the Present Situation Index rose to 147.2 from 138.3 and the Consumer Expectations Index edged higher to 82.4 from 76.7.

Finally, the one-year consumer inflation rate expectations dropped to 6.7% from 7.1%.

Market reaction

The US Dollar Index edged lower with the initial reaction and it was last seen rising 0.15% on the day at 104.13.

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.

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