U.S. consumer sentiment index rises further in November

The U.S. Conference Board’s consumer sentiment index rose further in the month of November. The index rose to 129.5, as compared with the consensus expectations of a decline of 124. The present situation index rose to 153.9 from 152 and the expectations measure rose to 113.3 and imply that the current solid momentum is widespread.

The labor differential measure, which captures whether consumers view jobs as plentiful or hard to get, also raised further to 20.2 and indicates that a buoyant labor market is also helping stimulate consumer sentiment.

Today’s report implies that household sentiment continues to be a solid, which is also seen in the University of Michigan consumer sentiment survey as well.

“On the whole, we view the buoyant consumer confidence conditions as constructive for consumer spending in Q4 and beyond”, added Barclays.

At 18:00 GMT the FxWirePro's Hourly Strength Index of US Dollar was neutral at 30.3377. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex

FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest