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US Consumer Confidence Rises to Five Year High

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Americans’ confidence in the economy rose to its highest level in more than five years, bolstered by a more optimistic outlook for hiring.

The Conference Board, a New York-based private research group, says its consumer confidence index jumped to 81.4 in June from 74.3 in May. Last month’s figure was revised slightly downward from 76.2.

Economists polled by Reuters were expecting the Conference Board’s consumer confidence report to read 75.5 in June, down from 76.2 in May.
Consumers’ confidence in the economy is watched closely because their spending accounts for about 70 percent of U.S. economic activity.

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza

@alfonso_forex

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