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BREAKING: USD strengthens slightly after downbeat Consumer Confidence data

3:08 PM 26 April 2022

US Conference Board Consumer Confidence index increased to 107.3 in April, little-changed from the previous month's  107.2 and below market expectations of 108.0.

Further details of the publication showed:

  • consumer confidence 107.3 versus 108.0
  • present situation index 152.6 versus revised 153.8 (was 153.0)
  • expectations index 77.2 versus 76.7 (up from 76.6 previously reported)

New Home Sales in the US decreased to 763k units in March from 835k units in February.

EURUSD is trading lower today and today’s data provided some fuel for bears. The main currency pair is currently testing resistance zone in the 1.0668 area. Source: xStation

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