US: UoM Consumer Confidence Index improves modestly to 63.5 in April vs. 62 expected

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• Consumer Confidence Index in the US rose slightly in April.
• US Dollar Index clings to daily recovery gains above 101.00.

Consumer sentiment in the US improved modestly in early April with the University of Michigan’s (UoM) Consumer Confidence Index rising to 63.5 (preliminary) from 62 in February. This reading came in better than the market expectation of 62.