Consumer Confidence in the US weakened in July. US Dollar Index pared early recovery gains to turn flat below 93.70. The Conference Board’s Consumer Confidence Index edged lower from 98.3 in June (revised from 98.1) to 92.6 in July. This reading came in worse than the market expectation of 94.5. Further details of the publication showed that the Consumer Expectations Index slumped to 91.5 from 106.1, the Present Situation Index improved to 94.2 from 86.7 and the Consumer Inflation Rate Expectations dropped to 6.1% from 6.6%. Market reaction The US Dollar Index edged slightly lower in the last minutes and turned flat on the day at 93.67. Meanwhile, the S&P 500 Index was down 0.27% at 3,230. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next US: Richmond Fed Manufacturing Index climbs from 0 to 10 in July FX Street 3 years Consumer Confidence in the US weakened in July. US Dollar Index pared early recovery gains to turn flat below 93.70. The Conference Board's Consumer Confidence Index edged lower from 98.3 in June (revised from 98.1) to 92.6 in July. This reading came in worse than the market expectation of 94.5. Further details of the publication showed that the Consumer Expectations Index slumped to 91.5 from 106.1, the Present Situation Index improved to 94.2 from 86.7 and the Consumer Inflation Rate Expectations dropped to 6.1% from 6.6%. Market reaction The US Dollar Index edged slightly lower in the last minutes and… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
