Investing.com - U.S. consumer confidence deteriorated in September, one month after hitting the highest level since October 2007, industry data showed on Tuesday.
In a report, the Conference Board, a market research group said its index of consumer confidence fell to 86.0 this month from a reading of 93.4 in August, whose figure was revised up from a previously reported 92.4.
Analysts expected the index to decline to 92.5 in September.
The Present Situation Index decreased to 89.4 from 93.9, while the Expectations Index dropped to 83.7 from 93.1 in August.
Commenting on the report, director of The Conference Board Consumer Research Center Lynn Franco said, “A less positive assessment of the current job market, most likely due to the recent softening in growth, was the sole reason for the decline in consumers’ assessment of present-day conditions."
EUR/USD was trading at 1.2622 from around 1.2611 ahead of the release of the data, while GBP/USD was at 1.6224 from 1.6216 earlier.
Meanwhile, U.S. stock markets were lower after the open. The Dow 30 shed 0.2%, the S&P 500 dipped 0.25%, while the NASDAQ 100 declined 0.2%.