Consumer optimism in the US declines

According to published preliminary data, the consumer sentiment index by the University of Michigan declined in December to 96.8, versus the November figure of 98.5.

The consumer expectations index by the University of Michigan also fell in December to 84.6, which is below the previous value of 88.9. Based on this statistics, the US dollar still remains under some pressure against most competitors, which was caused by the publication of data on employment in the US. Read more …

The dollar index still keeps its positions below the session high, at 94.007, but at the same time the upward trend remains, as the employment data will not have a negative impact on the Fed decision to raise the interest rate at the next meeting.

Graph of the US dollar index. The current price of DXY is 93.906.

Alexander Sivtsov