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BREAKING: USD strengthens after downbeat CB Consumer Confidence data

3:05 PM 28 June 2022

US Conference Board Consumer Confidence index decreased to 98.7 in June,  from the previous month's 106.4 and below market expectations of 100.5.

Simultaneously,  Richmond manufacturing index for June was released. The index plunged to –19.0 from-9.0 in May, above analysts’ estimates of -11.0.

EURUSD is trading lower today and today’s data provided more fuel for bears. The main currency pair is currently approaching upward trendline around 1.0520 area. Source: xStation

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