Will the USD be supported?

Will the USD be supported?

The United States will release CB consumer confidence level at 17:00 MT time on November 27.

The level of consumer confidence demonstrates the consumer spending which is linked to the economic activity of the country. About 5 thousand households participate in the survey. They rate the current and projected economic conditions. Last month the level of confidence reached a higher-than-expected level of 137.9. According to the current economic conditions of the USA, it can happen again.

• If the consumer confidence is higher than expected, the USD will rise;

• If the consumer confidence is lower than expected, the USD will fall.

Check the economic calendar

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Strong USD on Tuesday
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The main market tendency today is that the US dollar is rising against its major peers and riskier assets such as stocks and oil are plummeting.

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ECB report is in focus
ECB report is in focus

The European Central Bank will publish the monetary policy statement with the interest rate decision on January 21, at 14:45 MT time. 

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