Consumer confidence in the US improved slightly in early September, with the preliminary University of Michigan's Consumer Sentiment Index edging higher to 69 from 67.9 in August. This reading came in above the market expectation of 68.
The Current Conditions Index rose to 62.9 from 61.3 and the Consumer Expectations Index improved to 73 from 72.1.
The details of the survey showed that the one-year inflation expectation edged lower to 2.7% from 2.8%, while the five-year inflation outlook increased to 3.1% from 3%.
These data failed to trigger a noticeable market reaction. At the time of press, the US Dollar Index was down 0.3% on the day at 100.94.
Keep up with the financial markets, know what's happening and what is affecting the markets with our latest market updates. Analyze market movers, trends and build your trading strategies accordingly.