FX: U.S. consumer confidence rises slower than forecast, data show
Forex Pros – U.S. consumer confidence rose slightly slower than expected in May, a report published on Tuesday showed.
The TechnoMetrica Institute of Policy and Politics, a research group, and Investor's Business Daily, a newspaper, said their IBD/TIPP Economic Optimism Index rose to 48.7 during the month, up from 48.4 in April.
Economists, however, had expected the reading to come in at 48.9
Following the release of the data, the U.S. dollar was up against the euro, with EUR/USD shedding 0.52% to reach 1.2721.
