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


Marec, 30 2021
watermark Economic news

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.


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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.