USD News

Revised data released by the University of Michigan on Friday showed U.S. consumer sentiment unexpectedly improved in the month of January compared to the previously reported deterioration. The consumer sentiment index for January was upwardly revised to 99.8 from the preliminary reading of 99.1. The index is now up from the final December reading of 99.3.

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Reflecting decreases by all five major components, MNI Indicators released a report on Friday showing its reading on Chicago-area business activity fell further into contraction in the month of January. MNI Indicators said its Chicago business barometer tumbled to 42.9 in January from a revised 48.2 in December, with a reading below 50 indicating a contraction in regional business activity.

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The US Securities and Exchange Commission (SEC) has charged Sergii “Sergey” Grybniak and his company Opporty International, Inc. for conducting a fraudulent initial coin offering (ICO), which has scammed investors of $600,000 with unregistered digital asset securities.

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A report released by the Commerce Department on Tuesday showed a modest decrease in business inventories in the U.S. in the month of January. The Commerce Department said business inventories edged down by 0.1 percent in January after coming in unchanged in December. The slight drop in inventories matched economist estimates.

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Homebuilder confidence in the U.S. has deteriorated by slightly more than anticipated in the month of March, according to a report released by the National Association of Home Builders on Tuesday. The report said the NAHB/Wells Fargo Housing Market Index fell to 72 in March after edging down to 74 in February. Economists had expected the index to dip to 73.

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A report released by the Commerce Department on Wednesday showed an unexpected increase in new orders for U.S. durable goods in the month of February. The Commerce Department said durable goods orders jumped by 1.2 percent in February after a revised uptick 0.1 percent in January.

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In a new guideline published on Tuesday the Commodity Futures Trading Commission (CFTC) in the U.S. defined what an “actual delivery” of a digital asset means.

The new regulation implies that there could be penalties for trades that don’t let the buyer take physical possession and control of a crypto coin within 28 days – the transit period after which trades in commodities like oil and soybean start to be considered futures contracts.
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Crude oil had its best trading day ever last Thursday, increasing by nearly a full quarter after President Trump tweeted optimism that Saudi Arabia and Russia may be planning to reduce production.

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Consumer credit in the U.S. jumped much more than expected in the month of February, according to a report released by the Federal Reserve on Tuesday.

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Consumer confidence in the U.S. deteriorated significantly in the month of April, according to a report released by the Conference Board on Tuesday, although the report also showed an improvement in consumer expectations. The Conference Board said its consumer confidence index plunged to 86.9 in April after tumbling to a downwardly revised 118.8 in March.

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