US: Consumer Confidence Index comes in at 130.7 in February vs. 132 expected

Consumer confidence in the US weakened in February with the Conference Board's Consumer Confidence Index dropping to 130.7 from 131.6 in January. This  |  25/02/2020 15:07
  • CB Consumer Confidence Index rose slightly to 130.7 in February.
  • US Dollar Index edges lower toward 99.20 after data.

Consumer confidence in the US improved modestly in February with the Conference Board's Consumer Confidence Index rising to 130.7 from 130.4 in January. Nevertheless, this figure came in lower than the market expectation of 132. 

"The Present Situation Index decreased from 173.9 to 165.1," the publication read. "However, the Expectations Index – based on consumers’ short-term outlook for income, business and labor market conditions – increased from 101.4 last month to 107.8 this month."

USD reaction

With the initial market reaction, the greenback lost some strength against its rivals and the US Dollar Index edged lower toward the 99.20 mark. As of writing, the index was down 0.04% on the day at 99.24.

Share

Popular News

Show More Popular News

Market Insight's Views

Market Insight analyses will provide both fundamental and technical comprehensions on FX
and other asset classes for Market Insight viewers

RISK WARNING

The information provided herein is for general informational and educational purposes only. It is not intended and should not be construed to constitute advice.

If such information is acted upon by you then this should be solely at your discretion and GKFX will not be held accountable in any way.

  • ForexF
  • IndicesI
  • CommoditiesC
        Back

        Login to Market Insight Account

        Your Market Insight account gives you access to the tools that we offer our customers including our
        Technical Studies & Sentiment for your accounts.

        Forgot Password?

        Don't you have a Market Insight account? With a few easy steps you can easily register to Market Insight

        Create a Market Insight's Account

        Your Market Insight account gives you access to the tools that we offer our customers including our Technical Studies & Sentiment for your accounts.

        register_ty

        Thank you!

        Welcome to Market Insight family!

        You have succesfully completed the registration.
        We will send you an e-mail to give you some
        instructions and our Terms and Conditions!
        Our account representatives will be contacting you as
        soon as possible. If you have any further questions
        please do not hesitate to mail us via info@marketinsight.com