Data on consumer confidence in the US
- US consumer confidence index from CB, actual 126.4, forecast 127.6.
Consumer confidence in the US unexpectedly slowed in June, thus having a restrained pressure on the American dollar. At the same time, this indicator remains near the highs of 2001 and maintains a restrained positive dynamics, demonstrating a slight slowdown from the beginning of this year.
Fig. 1. US Consumer Confidence Graph
The US dollar index, in turn, reacted restrainedly to this news, continuing to rise against the basket of major competitors. Growth in positive sentiment on the market and stock markets continues to give support for the American dollar. On the other hand, a decrease in consumer confidence may become as a driver for a slowdown in the growth of US stock indices, which will also have a negative impact on the American dollar.
US dollar index Graph. The current price is 94.60 (the yield of 10-year government bonds is a blue line)
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Hanzenko Anton