EUR/USD: US CB Consumer Confidence

The Greenback weakened against the Euro, following the US CB consumer confidence report released on Tuesday. The EUR/USD currency pair gained five pips, or 0.04%, in the first five minutes after the release, to continue fluctuating in the 1.2407 area.

The Conference Board revealed weaker consumer confidence, but that was not enough to cause a significant move in the observed currency pair. The United States CB reported a positive result of 127.7 points, still below expectations, following a downwardly revised data in the previous period. March's figure reflected the fewer amount of responses showing expectations for higher incomes, better business conditions and more available positions in the following six months.