US consumer sentiment loses some momentum in August, as the Conference Board’s Consumer Confidence Index recedes to 89.4 from July’s 90.2 (revised from 90.8). “Consumer confidence moderated slightly in August for a second consecutive month.
The Expectations Index slipped further into negative territory, which was offset by a moderate rise in the Present Situation Index after declining in the past three months
Consumer appraisals of current business conditions were mildly positive. Perceptions of the current labor market improved, reversing three months of moderate decline,” said Dana M. Peterson, Chief Economist at The Conference Board.
Market reaction The US Dollar (USD) now alternates gains with losses near the 99.00 region as investors continue to closely follow developments from the Middle East, all ahead of Chair Warsh’s speech at the Jackson Hole Symposium on Friday. US Dollar Price Today The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the Japanese Yen.