US Consumer Confidence improves to 108.3 in December

The CB Consumer Confidence Index in the US rose in December. The US Dollar Index retreats toward 104.00 in the US trading session.

Consumer sentiment in the US continued to improve in the US with the Conference Board’s Consumer Confidence Index rising to 108.3 from 101.4 in November. This reading came in better than Reuters’ estimate of 101.0.

Further details of the publication revealed that the Present Situation Index rose to 147.2 from 138.3 and the Consumer Expectations Index edged higher to 82.4 from 76.7. Finally, the one-year consumer inflation rate expectations dropped to 6.7% from 7.1%.

As for the market’s reaction, the US Dollar Index edged lower with the initial reaction and it was last seen rising 0.15% on the day at 104.13.