US CB Consumer Confidence Index improves to 100.3 in July

Consumer Confidence in the US improved slightly in July.
US Dollar Index stays in positive territory above 104.50.

Eren Sengezer FXStreet

Consumer sentiment in the US improved slightly in July, with the Conference Board's Consumer Confidence Index rising to 100.3 from 97.8 (revised from 100.4) in June. The Present Situation Index declined to 133.6 from 135.5, while the Expectations Index rose to 78.2 from 72.8.

Commenting on the survey's findings, "confidence increased in July, but not enough to break free of the narrow range that has prevailed over the past two years,” said Dana M. Peterson, Chief Economist at The Conference Board. “Even though consumers remain relatively positive about the labor market, they still appear to be concerned about elevated prices and interest rates, and uncertainty about the future; things that may not improve until next year.”

Market reaction

The US Dollar (USD) stays resilient against its rivals in the American session on Tuesday. At the time of press, the USD Index was up 0.15% on the day at 104.73.

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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