The European single currency strengthened against the Greenback, following the CB Consumer Confidence data release on Tuesday. The EUR/USD currency pair gained three pips, or 0.02%, to continue fluctuating in the 1.1661 area.
The Conference Board Inc. released Consumer Confidence survey data that came out lower-than-expected with a forecast of 127.6 in June, and also lower from the previous period.
Chris Rupkey, a chief economist at MUFG, New York, said: “Those storm clouds on the horizon from the trade wars may be starting to affect consumer confidence negatively and that bodes poorly for the economic outlook later on this year.”
