BREAKING: US CB Consumer Confidence surges in June

3:06 PM 29 June 2021

US Conference Board Consumer Confidence index increased to 127.3 in June, from the previous month's 117.2 and well above market expectations of 119.0. Further details of the publication showed that the Present Situation Index jumped to 157.7 from 148.7 and the Consumer Expectations Index edged lower to 107.0 from 110.9. Finally, the One-year Consumer Inflation Rate Expectations rose to 6.7% from 6.5%.

Release gave USD a little boost. However, in the case of EURUSD, drop is barely noticeable and the pair trades around 1.1885 level. Source: xStation5

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