• CB Consumer Confidence Index declined slightly in April.
• US Dollar Index clings to daily recovery gains above 101.50.

Consumer sentiment in the US weakened modestly in April with the Conference Board's Consumer Confidence Index edging lower to 101.3 from 104.0 in March (revised from 104.2).

Further details of the publication revealed that the Present Situation Index improved modestly to 151.1 from 148.9 and the Consumer Expectations Index declined to 68.1 from 74.

Finally, the one-year consumer inflation expectations ticked down to 6.2% in April from 6.3% in March.

Market reaction

The US Dollar Index extends its rebound after this data and was last seen rising 0.4% on the day at 101.72.