{"id":114841,"date":"2025-05-27T19:17:30","date_gmt":"2025-05-27T15:17:30","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=114841"},"modified":"2025-05-27T19:18:11","modified_gmt":"2025-05-27T15:18:11","slug":"us-consumer-confidence-index-rebounds-in-may-and-us-dollar-index-holds-steady-near-the-99-40-level","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/us-consumer-confidence-index-rebounds-in-may-and-us-dollar-index-holds-steady-near-the-99-40-level\/05\/27\/market-updates\/","title":{"rendered":"US Consumer Confidence Index rebounds in May and US Dollar Index holds steady near the 99.40 level"},"content":{"rendered":"<br \/>In May, US consumer sentiment staged a recovery, with the Conference Board\u2019s Consumer Confidence Index rising to 98.0 from a revised 86.0 (previously 85.7), bouncing back from the prior month\u2019s decline.<br \/><br \/>The upswing in consumer morale was fueled by evolving views on current business and labor market conditions. The Present Situation Index climbed 4.8 points to 135.9. More significantly, the Expectations Index, which tracks short-term outlooks for income, business, and employment, jumped 17.4 points to 72.8, though it remains below the 80-point threshold typically tied to recession concerns.<br \/><br \/>A senior economist at The Conference Board\u2019s Global Indicators division noted: \u201cConfidence began to recover before the US-China trade deal on May 12 but gained further momentum afterward. The monthly increase was primarily driven by consumer expectations, with all three components\u2014business conditions, job prospects, and future income\u2014improving from their April lows. Consumers were less pessimistic about business and employment prospects over the next six months and expressed greater optimism about income growth. However, while perceptions of current business conditions improved, views on current job availability weakened for the fifth consecutive month.\u201d<br \/><br \/>Market Reaction<br \/><br \/>The US Dollar Index (DXY) remains supported around the 99.40 zone, staying resilient despite a slight decline in US yields across various maturities.","protected":false},"excerpt":{"rendered":"<p>In May, US consumer sentiment staged a recovery, with the Conference Board\u2019s Consumer Confidence Index rising to 98.0 from a revised 86.0 (previously 85.7), bouncing back from the prior month\u2019s decline.The upswing in consumer morale was fueled by evolving views on current business and labor market conditions. The Present Situation Index climbed 4.8 points to &hellip;<\/p>\n","protected":false},"author":13,"featured_media":53201,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[],"class_list":["post-114841","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/114841","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=114841"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/114841\/revisions"}],"predecessor-version":[{"id":114854,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/114841\/revisions\/114854"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/53201"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=114841"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=114841"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=114841"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}