Consumer Confidence Index in USA was 113.8 last month and it is expected to increase to 121.5 this month.
Consumer Confidence Index displays the level of consumer confidence in the stability of the country's economy. The index is calculated by the Conference Board, the non-profit research organization. . The growth of consumer confidence suggests that people will spend more and will make large purchases . This will lead to an increase in economic activity and an increase in consumer spending. Also, the growth of consumer spending may lead to inflationary growth.
A higher than expected index growth may cause a short-term dollar volatility in the upward direction.