- UoM Shopper Confidence Index rose in November’s flash estimate.
- US Greenback Index stays in optimistic territory above 104.50.
Shopper confidence within the US improved in early November, with the preliminary College of Michigan’s Shopper Sentiment Index rising to 73 from 70.5 in October. This studying got here in higher than the market expectation of 71.
The Present Circumstances Index declined to 64.4 from 64.9 and the Shopper Expectations Index climbed to 78.5 from 74.1.
The small print of the survey confirmed that the one-year inflation expectation edged decrease to 2.6% from 2.7%, whereas the five-year inflation outlook rose to three.1% from 3%.
Market response
The US Greenback Index continues to stretch greater after this report and was final seen rising 0.42% on the day at 104.78.
