3:07 PM · 31 May 2022

BREAKING: US CB Consumer Confidence Index above expectations

US Conference Board Consumer Confidence index decreased to 106.4 in May, from the previous month's reading of 108.6 and compared to market expectations of 103.6.

Further details of the publication:

Present situation 149.6 vs 108.6 prior
Expectations 77.5 vs 77.2 prior

The earlier Chicago PMI reading came in well above consensus at 60.3 versus the expected 55 and the earlier reading of 56.4.

The US Dollar strengthened slightly after the publication of the reading and the EURUSD pair continues its downward movement. Source: xStation 5

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