Consumer sentiment in the US continued to improve in July, with the Conference Board's Consumer Confidence Index rising to 117.0 from 110.1 (revised from 109.7) in June.

Further details of the publication revealed that the Present Situation Index climbed to 160.0 from 155.3 and the Consumer Expectations Index advanced to 88.3 from 80.

Finally, the one-year consumer inflation expectations edged lower to 5.7%.

Market reaction

The US Dollar preserves its strength following the upbeat consumer sentiment data. As of writing, the US Dollar Index was up 0.15% on the day at 101.55.

Source : FXstreet