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    US CB Consumer Confidence Index rises to a two-year high of 114.8 in January

    Source Fxstreet
    Jan 30, 2024 15:21
    • US CB Consumer Confidence Index continued to rise in January. 
    • US Dollar Index clings to small daily gains above 103.50. 

    Consumer sentiment in the US continued to improve in January, with the Conference Board's Consumer Confidence Index rising to its highest level since December 2021 at 114.8 from 108.0 (revised from 110.7) in December.

    Further details of the publication showed that the Present Situation Index rose sharply to 161.3 from 147.2 and the Expectations Index advanced to 83.8 from 81.9.

    Finally, the one-year consumer inflation rate expectation edged lower to 5.2%, marking the lowest reading since March 2020.

    Market reaction

    The US Dollar Index edged higher after the data and was last seen gaining 0.1% on the day at 103.60.

    Disclaimer: For information purposes only. Past performance is not indicative of future results.
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    RBNZ Preview: NZD may benefit somewhat from the decision – CommerzbankThe Reserve Bank of New Zealand (RBNZ) holds its first regular meeting of the year on Wednesday.
    Source  Fxstreet
    The Reserve Bank of New Zealand (RBNZ) holds its first regular meeting of the year on Wednesday.
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    Japan inflation: National CPI comes in at 2.2% YoY in January vs. 2.6% priorJapan’s National Consumer Price Index (CPI) for January came in at 2.2% YoY from 2.6% in December, according to the latest data released by the Japan Statistics Bureau on Tuesday.
    Source  Fxstreet
    Japan’s National Consumer Price Index (CPI) for January came in at 2.2% YoY from 2.6% in December, according to the latest data released by the Japan Statistics Bureau on Tuesday.
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    UK Preliminary Services PMI steadies at 54.3 in February vs. 54.1 expectedThe seasonally adjusted S&P Global/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) improved slightly from 47.0 in January to 47.1 in February, below the market consensus of 47.5.
    Source  Fxstreet
    The seasonally adjusted S&P Global/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) improved slightly from 47.0 in January to 47.1 in February, below the market consensus of 47.5.
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