US UoM Consumer Confidence Index declines to 77.9 in April vs. 79 expected
Source Fxstreet
- Consumer confidence in the US weakened in early April.
- UoM survey showed one-year and five-year inflation expectations edged higher.
Consumer confidence in the US weakened in early April, with the University of Michigan's Consumer Sentiment Index edging lower to 77.9 from 79.4 in March. This reading came in below the market expectation of 79.
The Current Conditions Index declined to 79.3 from 82.5 and the Consumer Expectations Index fell to 77 from 77.4.
The details of the survey revealed that the one-year inflation outlook climbed to 3.1% from 2.9% in April, while the five-year inflation outlook rose to 3% from 2.8%.
Market reaction
The US Dollar preserves its strength after this report. At the time of press, the US Dollar Index was up 0.65% on the day at 105.95.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
A known market analyst sees the $6 per coin prediction for XRP crypto being claimed by some experts as too conservative.
The Federal Reserve injected $13.5 billion into the banking system, signaling a significant liquidity boost for Bitcoin and risk assets, rivaling levels from the COVID-19 era.
After a turbulent 2025, what lies ahead for commodities, forex, and cryptocurrency markets in 2026?
Ethereum Price Forecast: Accumulation addresses post record inflows in December despite high selling pressureEthereum (ETH) accumulation addresses recorded their highest monthly inflow in December 2025 as the year came to a close. Despite the weak market momentum following the holidays, these wallets doubled down on their buying pressure, adding 3.62 million ETH to their cumulative balance.
Ethereum (ETH) accumulation addresses recorded their highest monthly inflow in December 2025 as the year came to a close. Despite the weak market momentum following the holidays, these wallets doubled down on their buying pressure, adding 3.62 million ETH to their cumulative balance.
Gold gains momentum above $4,100 after weak US NFP data Gold price (XAU/USD) gains traction to around $4,125 during the early Asian session on Friday. The precious metal extends the rally after weaker-than-expected US Nonfarm Payrolls (NFP) data reduced expectations of Federal Reserve (Fed) interest rate hikes this year.
Gold price (XAU/USD) gains traction to around $4,125 during the early Asian session on Friday. The precious metal extends the rally after weaker-than-expected US Nonfarm Payrolls (NFP) data reduced expectations of Federal Reserve (Fed) interest rate hikes this year.
