US: CB Consumer Confidence Index improves to 104.2 in March from 103.4 in February

Consumer confidence in the US improved slightly in March.
US Dollar Index recovers above 102.50 with the initial reaction.

Eren Sengezer FXStreet

Consumer sentiment in the US improved modestly in March with the Conference Board's Consumer Confidence Index edging higher to 104.2 from 103.4 in February (revised from 102.9).

Further details of the publication revealed that the Present Situation Index declined to 151.1 from 153 and the Consumer Expectations Index rose to 74 from 70.4

Finally, the one-year consumer inflation expectations ticked up 6.3% in March from 6.2% in February (revised from 6.2%).

Market reaction

The US Dollar Index edged slightly higher with the initial reaction and was last seen losing 0.18% on the day at 102.65.

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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