US: CB Consumer Confidence Index improves to 129.1 in July vs. 123.9 expected

• US CB Consumer Confidence Index came in higher than expected in July.
• US Dollar Index trades with modest daily losses around 92.50.

Consumer confidence in the US strengthened in July with the Conference Board's Consumer Confidence Index rising to 129.1 from 128.9 in June. This reading came in better than Reuters' estimate of 123.9.

Further details of the publication showed that the Present Situation Index improved to 160.4 from 159.6 and the Consumer Expectations Index stayed unchanged at 108.4. Finally, the One-year Consumer Inflation Rate Expectations edged lower to 6.6% from 6.7%.

Market reaction

The US Dollar Index showed no immediate reaction to this report and was last seen losing 0.1% on a daily basis at 92.54.