Consumer confidence in the US continued to rise in September. US Dollar Index clings to modest daily gains below 94.00 after the data. The University of Michigan’s Survey of Consumers revealed that the Index of Consumer Sentiment rose from 74.1 in August to 80.4 in September. This reading came in better than the previous estimate and the market expectation of 78.9 and 79, respectively. Further details of the publication revealed that the Current Economic Conditions Index edged higher to 87.8 from 82.9 and the Index of Consumer Expectations improved to 75.6 from 68.5. Commenting on the data, “the gains were mainly due to a more optimistic outlook for the national economy,” said Surveys of Consumers chief economist, Richard Curtin. “While consumers have anticipated gains in the national economy ever since the April shutdown, the September survey recorded a significant increase in the proportion that expected a reestablishment of good times financially in the overall economy.” Market reaction The US Dollar Index showed no immediate reaction to this data and was last seen gaining 0.1% on the day at 93.81. 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 NFP: Rising uncertainty to favor the greenback, USD/JPY the exception – TDS FX Street 2 years Consumer confidence in the US continued to rise in September. US Dollar Index clings to modest daily gains below 94.00 after the data. The University of Michigan's Survey of Consumers revealed that the Index of Consumer Sentiment rose from 74.1 in August to 80.4 in September. This reading came in better than the previous estimate and the market expectation of 78.9 and 79, respectively. Further details of the publication revealed that the Current Economic Conditions Index edged higher to 87.8 from 82.9 and the Index of Consumer Expectations improved to 75.6 from 68.5. Commenting on the data, "the gains were mainly due to… 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.
