US CB Consumer Confidence Index eases to 93.1 in May
- The US CB Consumer Confidence Index recedes a tad in May.
- The US Dollar Index picks up momentum just above 99.00.
US consumer sentiment loses some momentum in May, as the Conference Board’s Consumer Confidence Index recedes to 93.1 from April’s 93.8 (revised from 92.8).
Market reaction
The US Dollar (USD) reverses Monday’s optimism, advancing modestly beyond the 99.00 barrier against the backdrop of steady uncertainty surrounding the Middle East crisis.
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