US CB Consumer Confidence Index declines to 93 in June
Source Fxstreet
- CB Consumer Confidence Index declined by 5.4 points to 93 in June.
- USD Index stays deep in negative territory below 98.00.
Consumer sentiment in the US deteriorated in June, with the Conference Board's Consumer Confidence Index falling to 93 from 98.4 in May.
The Present Situation Index fell by 6.4 points to 129.1 in this period, while the Expectations Index declined by 4.6 points to 69.
Assessing the survey's findings, "consumers were less positive about current business conditions than May," said Stephanie Guichard, Senior Economist, Global Indicators at The Conference Board. "Their appraisal of current job availability weakened for the sixth consecutive month but remained in positive territory, in line with the still-solid labor market."
Market reaction
The US Dollar Index stays under bearish pressure after this report and was last seen losing 0.55% on the day at 97.80.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Strategy has made yet another Bitcoin purchase, this one being announced as global tensions weigh heavy on the cryptocurrency market.
Federal Reserve Divisions Exposed as Powell Called to Keep Federal Funds Rate Unchanged, While Waller and Bowman Back July Rate CutOn Monday, Federal Reserve Vice Chair for Supervision Michelle Bowman delivered a dovish message, citing potential risks in the labor market and expressing support for a rate cut as early as July if inflation remains under control.
On Monday, Federal Reserve Vice Chair for Supervision Michelle Bowman delivered a dovish message, citing potential risks in the labor market and expressing support for a rate cut as early as July if inflation remains under control.
Meme coins Dogecoin (DOGE), Shiba Inu (SHIB) and Pepe (PEPE) are extending their gains on Tuesday after a sharp recovery the previous day.
The latest numbers show the US economy is falling off a cliff, and Jerome Powell is now heading to Capitol Hill with the entire Federal Reserve on the defensive.
Over the past two weeks, leading coin Bitcoin (BTC) has struggled to maintain upward momentum, losing its grip on key support levels amid rising fear and volatility.
