US UoM Consumer Confidence Index improves to 73 in November vs. 71 expected
Source Fxstreet
- UoM Consumer Confidence Index rose in November's flash estimate.
- US Dollar Index stays in positive territory above 104.50.
Consumer confidence in the US improved in early November, with the preliminary University of Michigan's Consumer Sentiment Index rising to 73 from 70.5 in October. This reading came in better than the market expectation of 71.
The Current Conditions Index declined to 64.4 from 64.9 and the Consumer Expectations Index climbed to 78.5 from 74.1.
The details of the survey showed that the one-year inflation expectation edged lower to 2.6% from 2.7%, while the five-year inflation outlook rose to 3.1% from 3%.
Market reaction
The US Dollar Index continues to stretch higher after this report and was last seen rising 0.42% on the day at 104.78.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Bitcoin Price Forecast: BTC hits three-month high on derivatives-led surgeBitcoin (BTC) price surges above $80,000 on Monday, reaching the highest level since the end of January. Institutional demand supports this price surge, as spot Exchange Traded Funds (ETFs) recorded inflows of over $153 million last week, marking the fifth consecutive week of positive flows.
Bitcoin (BTC) price surges above $80,000 on Monday, reaching the highest level since the end of January. Institutional demand supports this price surge, as spot Exchange Traded Funds (ETFs) recorded inflows of over $153 million last week, marking the fifth consecutive week of positive flows.
Trump says US to help ships stranded in Strait of Hormuz as tanker hit by projectilesUS to start operation to aid stranded ships, Trump saysTanker reported to have been hit by projectile in Strait of HormuzIran wants end to US blockade; nuclear talks postponedTrump has made Iran nuclear deal a priorityBy Parisa Hafezi and Jacob Bogage DUBAI/DORAL, Florida, May 4 (Reuters) - A tan...
US to start operation to aid stranded ships, Trump saysTanker reported to have been hit by projectile in Strait of HormuzIran wants end to US blockade; nuclear talks postponedTrump has made Iran nuclear deal a priorityBy Parisa Hafezi and Jacob Bogage DUBAI/DORAL, Florida, May 4 (Reuters) - A tan...
Here is what you need to know on Friday, May 1:
AUD/USD jumps near 0.7200 as Japan’s intervention sinks the USDThe Australian Dollar reclaimed the 0.7200 level on Thursday, surging more than 1% as the Greenback dropped to seven-day lows amid Japanese authorities’ intervention in the FX markets, pushing aside solid US economic data. The AUD/USD trades past 0.7200 after hitting a daily low of 0.7110.
The Australian Dollar reclaimed the 0.7200 level on Thursday, surging more than 1% as the Greenback dropped to seven-day lows amid Japanese authorities’ intervention in the FX markets, pushing aside solid US economic data. The AUD/USD trades past 0.7200 after hitting a daily low of 0.7110.
Fed maintains interest rates, Bitcoin price falls below $76,000 as Powell's stay may hinder rebound.On April 30 (GMT+8), Bitcoin ( BTC) narrowed its losses and returned above $76,000, cur
