Consumer confidence in US continues to strengthen in November. US Dollar Index stretches higher on the upbeat data. The consumer sentiment continued to improve in the United States (US) in November with the University of Michigan’s Index of Consumer Sentiment rising to 96.8 from 95.5 in October and surpassing both the advanced estimate and market expectation of 95.7. The US Dollar Index clings to its daily gains following this data and was last up 0.18% on the day at 98.14. Commenting on the data, “Personal spending will be energized by record favorable evaluations by consumers of their personal financial situation, with gains expected across the entire income distribution, net increases in household wealth, the renewed appeal of price discounting, and reduced mortgage rates,” said Surveys of Consumers chief economist, Richard Curtin. “Nonetheless, there is little point in dismissing the significant risks from potential negative shocks, associated with tariffs, impeachment, the presidential election, global growth, and geopolitical events.” 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 AUD/USD: Improving trade sentiment supporting the aussie – CIBC FX Street 3 years Consumer confidence in US continues to strengthen in November. US Dollar Index stretches higher on the upbeat data. The consumer sentiment continued to improve in the United States (US) in November with the University of Michigan's Index of Consumer Sentiment rising to 96.8 from 95.5 in October and surpassing both the advanced estimate and market expectation of 95.7. The US Dollar Index clings to its daily gains following this data and was last up 0.18% on the day at 98.14. Commenting on the data, "Personal spending will be energized by record favorable evaluations by consumers of their personal… 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.
