US consumer confidence has fallen to its lowest since 2009

cmt twitter

US consumer confidence has fallen from 59.2 to 44.5; it’s the lowest level since April 2009. This data is closely monitored as consumer spending accounts for 2/3rds of the US’s economy. The market has not reacted with hostility to the data with cable and Euro/ dollar remaining fairly stable this morning, perhaps there is one eye on Friday’s unemployment figures.

Other data out today is German retail sales and unemployment figures. Retail sales have come out better then expected as there was no change month on month with expectation being -1.5%. However although better then expected it is still 6.3% down on last month’s figures. This shows that Germany may still be facing a slowdown in their economy and all of Europe will be watching closely when the unemployment data is released at 9, to see if the trend is affecting jobs.

The major currencies still remain fairly static at the moment with everyone waiting for one big piece of data or news that will help them decide which currency is the strongest. Sterling does look undervalued at the moment but with the Euro continuing to be strong against the Dollar, movement upwards may come off the back of positive news out of the US.

Company Details

US consumer confidence has fallen to its lowest since 2009

Get a quick quote

Open Account with Halo Financial

Halo Financial are located at:
11 Ivory House, Plantation Wharf, , Greater London, SW11 3TN, United Kingdom

Get a Quick Quote

Newsletter Signup to CMT

Sign up to our foreign exchange newsletter to receive news updates directly by email

Compare Money Transfer will not spam you!

Click to Watch the Latest Videos on CMT

Compare Money Transfer Testimonial

Compare Currency Exchange News

All Rights Reserved: Copyright 2006 - 2017 Compare Money Transfer Limited offering FCA Regulated Suppliers - 34 New House, 67-68 Hatton Garden, London, EC1N 8JY. +44 (0) 843 357 4882 - Email us