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University of Michigan consumer confidence stays solid in February

The final U.S. University of Michigan consumer confidence came in solid in the month of February. The final estimate of the index of consumer sentiment was revised down a bit to 99.7. The revisions were minor, and came from the present situation and consumer expectations sub-indices, noted Barclays in a research report.

The inflation expectations indices, both one-year ahead and long-term, continued to be the same from the preliminary estimate. The report implies that consumers continued to be relatively unaffected by the recent volatility in stock prices, and continue to stay positive on the economic outlook, stated Barclays.

At 18:00 GMT the FxWirePro's Hourly Strength Index of US Dollar was neutral at 18.4526. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex

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June 18 15:00 UTC Released

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-1541 %

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