- Analytics
- News and Tools
- Market News
- US: CB Consumer Confidence Index drops to 98.7 in June vs. 100 expected
US: CB Consumer Confidence Index drops to 98.7 in June vs. 100 expected
- Consumer confidence in the US continued to weaken in June.
- US Dollar Index clings to strong daily gains near mid-104.00s.
The data published by the Conference Board showed on Tuesday that the Consumer Confidence Index dropped to 98.7 in June from 103.2 in May. This print came in weaker than Reuters' estimate of 100.00.
Further details of the press release revealed that the Present Situation Index fell to 147.1 from 147.4 and the Expectations Index plunged to its lowest level since March 2013 at 66.4 from 73.7.
Additionally, the one-year consumer inflation rate expectations climbed to 8% from May's revised print of 7.5%.
Market reaction
The greenback continues to outperform its major rivals after this report and the US Dollar Index was last seen rising 0.5% on the day at 104.45.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
