• Consumer confidence in the US improved slightly in March.
• US Dollar Index recovers above 102.50 with the initial reaction.

Consumer sentiment in the US improved modestly in March with the Conference Board's Consumer Confidence Index edging higher to 104.2 from 103.4 in February (revised from 102.9).

Further details of the publication revealed that the Present Situation Index declined to 151.1 from 153 and the Consumer Expectations Index rose to 74 from 70.4

Finally, the one-year consumer inflation expectations ticked up 6.3% in March from 6.2% in February (revised from 6.2%).

Market reaction

The US Dollar Index edged slightly higher with the initial reaction and was last seen losing 0.18% on the day at 102.65.