Investing.com - U.S. consumer confidence deteriorated more than expected in February, one month after hitting the highest level since 2007, industry data showed on Tuesday.
In a report, the Conference Board, a market research group said its index of consumer confidence fell to 96.4 this month from a reading of 103.8 in January, whose figure was revised up from a previously reported 102.9.
Analysts expected the index to decline to 99.6 in February.
The Present Situation Index decreased to 110.2 from 113.9, while the Expectations Index declined to 87.2 from 97.0 in January.
Commenting on the report, director of The Conference Board Consumer Research Center Lynn Franco said, “Consumers’ assessment of current conditions remained positive, but short-term expectations declined."
EUR/USD was trading at 1.1309 from around 1.1323 ahead of the release of the data, GBP/USD was at 1.5420 from 1.5434 earlier, while USD/JPY was at 119.68 from 119.57 earlier.
The US dollar index, which tracks the greenback against a basket of six major rivals, was at 94.91, compared to 94.82 ahead of the report.
Meanwhile, U.S. stock markets were mixed. The Dow 30 rose 0.15%, the S&P 500 tacked on 0.1%, while the Nasdaq 100 inched down 0.1%.
Elsewhere, in the commodities market, gold futures traded at $1,192.80 a troy ounce, compared to $1,196.40 ahead of the data, while crude oil traded at $49.70 a barrel from $49.80 earlier.