UoM consumer confidence index falls more than expected

University of Michigan released its second and final consumer confidence survey for May, showing a drop to 97.1 from 97.7 in the preliminary reading, and compared to April's 97.0 reading, and analysts' expectations of 97.6. 

As of 03:11 GMT, the dollar index, measuring the greenback against a basket of six major counterparts, rose to 97.50 from the opening of 97.25, with an intraday high at 97.51, and a low at 97.04. 

The economic conditions index in the same UoM survey fell to 11.7 from 112.7 in April, while the economic expectations index rose to 87.7 from 87.0. 

The inflation expectations survey came at 2.6% for one year, up from 2.5%, and at 2.4% for five-year inflation, same as before.