US CB Consumer Confidence Index falls in September to 98.7

• CB Consumer Confidence edged higher  lower to 98.7 in September
• US Dollar Index remains under pressure and approaches further to 100.00.

Consumer sentiment in the United States (US) deteriorated in September, with The Conference Board's (CB) Consumer Confidence Index falling to 98.7 in September after printing at 105.6 in August.  

The Present Situation Index fell by 10.3 points to 124.3, while the Expectations Index declined by 4.6 points to 81.7 but remained above 80, indicating recession fears continue to recede.

Market reaction

The US Dollar index remained under pressure following the release, moving one step closer to the critical 100 threshold, now hovering around 100.50.

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