Consumer confidence in the US improved at a stronger pace than expected in September. US Dollar Index registers modest daily gains near 93.00 after the data. The Consumer Sentiment Index in the US rose from 74.1 in August to 78.9 (preliminary) in September, the University of Michigan’s latest Surveys of Consumers showed on Friday. This reading came in better than the market expectation of 75. Further details of the publication showed that the Current Economic Conditions Index rose to 87.5 from 82.9 and the Index of Consumer Expectations edged higher to 73.3 from 68.5. Commenting on the data, “consumer sentiment improved in early September, reaching the top of the range it has travelled since April,” said Richard Curtin, Surveys of Consumers chief economist. “While the recent gain was consistent with an unchanged flat trend, the data indicated that the election has begun to have an impact on expectations about future economic prospects.” Market reaction The US Dollar Index edged slightly higher after the data and was last seen gaining 0.1% on the day at 93.00. 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 Fed’s Bullard: Unemployment rate to fall to 6.5% by year-end FX Street 1 year Consumer confidence in the US improved at a stronger pace than expected in September. US Dollar Index registers modest daily gains near 93.00 after the data. The Consumer Sentiment Index in the US rose from 74.1 in August to 78.9 (preliminary) in September, the University of Michigan's latest Surveys of Consumers showed on Friday. This reading came in better than the market expectation of 75. Further details of the publication showed that the Current Economic Conditions Index rose to 87.5 from 82.9 and the Index of Consumer Expectations edged higher to 73.3 from 68.5. Commenting on the data, "consumer sentiment improved in early September, reaching… Top 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.
