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The European single currency strengthened against the Greenback, following the CB Consumer Confidence data release on Tuesday. The EUR/USD currency pair gained three pips, or 0.02%, to continue fluctuating in the 1.1661 area.
The Conference Board Inc. released Consumer Confidence survey data that came out lower-than-expected with a forecast of 127.6 in June, and also lower from the previous period.
Chris Rupkey, a chief economist at MUFG, New York, said: "Those storm clouds on the horizon from the trade wars may be starting to affect consumer confidence negatively and that bodes poorly for the economic outlook later on this year."
| Historical Data Table: US CB Consumer Confidence | Economic Calendar for 26.06.2018 | ||||||||
| Date | 27.02.2018 | 27.03.2018 | 24.04.2018 | 29.05.2018 | 26.06.2018 | 12:30 PM | US Core Durable Goods Orders m/m | ||
| Actual | 130 | 127.7 | 128.7 | 128 | 126.4 | 12:30 PM | US Goods Trade Balance | ||
| Forecast | 126.2 | 131.2 | 126 | 128.2 | 127.6 | 2:30 PM | US Crude Oil Inventories | ||
| Initial Reaction on Main Pairs | SWFX Sentiment Indexes | ||||||||
| Open Price | Close Price | % Change | Longs | Shorts | |||||
| AUD/USD | 0.73876 | 0.73877 | 0.00% | AUD/USD | 65.44% | 34.56% | |||
| EUR/USD | 1.16649 | 1.16673 | 0.02% | EUR/USD | 61.71% | 38.29% | |||
| USD/JPY | 109.783 | 109.797 | 0.01% | USD/JPY | 44.17% | 55.83% | |||
| NZD/USD | 0.68606 | 0.68612 | 0.01% | NZD/USD | 50.17% | 49.83% | |||