The US dollar is trying to stabilize the position. Consumer confidence is growing

The US dollar is trying to stabilize its position against the basket of currencies, against the background of publication of data on consumer confidence.

• According to the published data, in January the consumer confidence index was 125.4, exceeding the previous value at the level of 123.1.

Against the background of this statistics, the US dollar index slightly retreated from the low of today’s trading at the level of 88.75, but one should not expect the significant growth of the American, due to the decline in the major US stock indices. See Quotations.

Fig. Graph of the US dollar index. Current price of DXY is 88.91

Alexander Sivtsov