Reflecting the re-opening of the economy and the recent drop in unemployment claims, the Conference Board released a report on Tuesday showing a bigger than expected improvement in U.S. consumer confidence in the month of June.
The Conference Board said its consumer confidence index jumped to 98.1 in June from a downwardly revised 85.9 in May.
Economists had expected the consumer confidence index to climb to 90.0 from the 86.6 originally reported for the previous month.
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Forex News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.