The US dollar received support. Consumer confidence is growing.

The US dollar strengthens its position against the basket of currencies based on the growth of consumer confidence in November. According to the published data, the consumer confidence index of CB increased in November to the level of 129.5, exceeding the previous value at the level of 126.2, while analysts had expected the value at 124.0.

Based on this statistics, the US dollar index is recovering positions, trying to gain a foothold above the level of 93.00. In case of success, one should expect further growth of the index to the level of 93.40.

Fig. The US dollar index graph, current price of DXY – 93.062.

Alexander Sivtsov