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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Will USD Stop Falling Today? Market Wrap
Will USD Stop Falling Today? Market Wrap

The US dollar is heading to close the seventh day in the red as it remains under selling pressure. The US data at 15:30 GMT+3 (jobless claims and Philly Fed Manufacturing Index) may support the greenback if it's strong. 

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