CB Consumer Confidence Drops To 93.0; U.S. Dollar Tests Session Lows

On June 24, 2025, The Conference Board released CB Consumer Confidence report for June. The report indicated that CB Consumer Confidence decreased from 98.4 in May (revised from 98.0) to 93 in June, compared to analyst forecast of 100.

The Present Situation Index declined from 135.5 in May to 129.1 in June, while the Expectations Index pulled back from 73.6 to 69.0. Typically, an Expectations Index below 80 signals a recession ahead.

The Conference Board commented: “The decline was broad-based across components, with consumers’ assessments of the present situation and their expectations for the future both contributing to deterioration.”

The report showed that the decline in confidence was shared by all age groups and almost all income groups.

U.S. Dollar Index pulled back as traders reacted to the weaker-than-expected CB Consumer Confidence report. Currently, U.S. Dollar Index is trying to settle below the 98.00 level.

Gold traded near the $3300 level after the release of the report. It remains to be seen whether Consumer Confidence data will have a material impact on gold market dynamics as traders are focused on the ceasefire between Iran and Israel.

SP500 settled near the 6070 level as traders focused on Consumer Confidence data.

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