Today's edition of the Saxo Morning Call features the SaxoStrats team discussing the continuing weakness of the US dollar as commodity prices recover ground and in the wake of key US equity indices hitting all-time highs Thursday.
Squawk / 20 August 2014 at 7:36 GMT
Dutch consumer confidence declines to 5-month low:

Consumers in the Netherlands became more pessimistic about the economy in August according to a new report from the Dutch statistics office. The headline consumer confidence index dropped to -6 vs. -3 expected and -2, a five-month low.

The European Commission's version of Dutch consumer confidence will not be released until August 28.
Mads Koefoed Mads Koefoed
Among the sub-indices the economic climate index dropped by 8 points to 3, the lowest reading since February. While the economic climate of the last 12 months was unchanged at -2 the economic climate of the next 12 months dropped all the way to 8 from 24.

Similarly the willing to buy index declined 2 points to -12 with all of it happening in the forward-looking part of the index. The index of households' finances during the last 12 months was unchanged at -20 while the finance index for the coming 12 months dropped to -6 from -3.

Considering that only the forward-looking indices are hurting, the uncertainty regarding the situation in Ukraine seems to be weighing on the Dutch consumers' confidence.


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