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U.S. consumer confidence data upcoming, may be bearish for the dollar
ChainCatcher news, according to Jinshi, Chris Turner of ING said in the report that if the upcoming US economic data is weak, the US dollar may face downward pressure. The preliminary value of the University of Michigan’s February consumer confidence index will be released tonight at 23:00 Beijing time. Turner said that if the data unexpectedly falls, it could be slightly bearish for the dollar, as it will once again remind the market that consumer confidence depends on stock market performance to some extent.