Consumer Confidence in the US in March rose to its highest in a year

According to the analyst firm Conference Board, the consumer confidence index in the US in March rose to 109.7 points from the revised February index of 90.4 points. Analysts had forecast growth in the indicator to only 96.9 points from the initial February value of 91.3 points. In addition, the index has reached its highest value in a year.

The index of economic expectations in March jumped to 109.6 points from the revised February index of 90.9 points. The index of economic conditions in March also rose to 110 points from the revised value of 89.6 points in February (originally the indicator was 92 points).

The US dollar reacted to such statistics with even greater growth. For example, the exchange rate of the main currency pair EUR/USD is 1.1700, which is the lowest value since November last year.