Consumer sentiment in the US improved modestly in July. US Dollar Index stays deep in the negative territory a little above 93.00. The Consumer Sentiment Index in the US improved slightly from 72.5 in July to 72.8 (preliminary) August, the University of Michigan’s latest Surveys of Consumers showed on Friday. This reading came in better than the market expectation of 72. Further details of the publication showed that the Current Economic Conditions Index fell to 82.5 from 82.8 and the Index of Consumer Expectations edged higher to 66.5 from 65.9. Commenting on the survey, “the overall confidence in economic policies fell to the lowest level since Trump first entered office,” noted Richard Curtin, Surveys of Consumers chief economist. “The policy gridlock has acted to increase uncertainty and heightened the need for precautionary funds to offset lapses in economic relief programs and to hedge against fears about the persistence and spread of the coronavirus as the school year gets underway.” Market reaction The US Dollar Index paid little o no mind to this data and was last seen losing 0.17% on a daily basis at 93.08. 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 Philly Fed survey: US Q3 unemployment rate seen at 10.0% vs. previous forecast of 12.9% FX Street 2 years Consumer sentiment in the US improved modestly in July. US Dollar Index stays deep in the negative territory a little above 93.00. The Consumer Sentiment Index in the US improved slightly from 72.5 in July to 72.8 (preliminary) August, the University of Michigan's latest Surveys of Consumers showed on Friday. This reading came in better than the market expectation of 72. Further details of the publication showed that the Current Economic Conditions Index fell to 82.5 from 82.8 and the Index of Consumer Expectations edged higher to 66.5 from 65.9. Commenting on the survey, "the overall confidence in economic policies… 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.
