US CB Consumer Confidence Index rises to a two-year high of 114.8 in January
Source Fxstreet
- 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.
Recommended Articles
Once again, the price of Ethereum (ETH) has risen above $3,900. This bounce has hinted at a further price increase for the altcoin before the end of the year.
The Gold price (XAU/USD) gains momentum to near $3,645 during the early Asian session on Thursday.
With broader sentiment worsening, user demand falling across the Ethereum network, and institutional investors pulling back, the coin faces mounting headwinds in October.
Silver price (XAG/USD) edges higher after two days of losses, trading around $48.70 per troy ounce during the Asian hours on Thursday.
The Trump administration is negotiating to take equity stakes in quantum computing firms in exchange for federal funding.
