US Consumer Confidence Index

• CB Consumer Confidence (Aug), fact 133.4, forecast 126.7.

Consumer confidence unexpectedly rose in August to the values ​​of the end of 2000, which had a very positive effect on the dynamics of the US dollar and caused a correction of the dollar after a decline.

US Consumer Confidence chart

 

As a result, the US dollar index moved to correction after the decline, having formed support at the level of 94.50-40. In turn, the growth of the American dollar  will be limited to the downward trend line, which passes at around 94.70-60. The main driver of the dollar’s growth is also the growth of the US state’s  bonds yield.  Support levels are at marks: 94.50 and 94.30.

The US dollar index chart. The current price is 94.60 (10-year government bonds yield is a blue line)

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Hanzenko Anton

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