- US CB's US CB consumer confidence index has decreased in April.
- The US dollar index clings to Todaily wins around the region of 99.00.
The feeling of American consumers prolonged its decline in April, while the confidence index of the Conference Board consumer increased from 93.9 (revised from 92.9) to 86.0 – its lowest reading since April 2020.
The feeling of consumers showed new signs of tension in April, because views of current conditions and the labor market have softened. The current situation index fell 0.9 points to 133.5. In particular, the expectations of expectations – which follows the short -term perspectives of income, commercial activity and employment – has placed 12.9 points at 54.4. This marks its lowest reading since October 2011 and remains well below the threshold of 80 points historically linked to the risks of recession.
Stephanie Guichard, senior economist, global indicators at the Conference Board, argued: “The decline was largely motivated by consumers' expectations. The three components of expectations – reflecting the general conditions, the persimism of employment on the future. In the midst of the great recession.
Market reaction
The US dollar (USD) manages to leave part of the weakness behind it, which prompted the US dollar index (DXY) to stay above the key support of 99.00 Tuesday.
