CB Consumer Confidence

The U.S. dollar was broadly flat after CB Consumer Confidence fell short of expectations and New Home Sales weakened more than forecast. EUR/USD found support from stronger German sentiment, while USD/CAD retreated and USD/JPY advanced despite lower Treasury yields.

The U.S. Dollar Index lost ground as July consumer confidence missed expectations and oil prices dropped sharply on signs of Middle East de-escalation. FXCOINZ reviews the latest technical levels across DXY, EUR/USD, GBP/USD, USD/CAD and USD/JPY as traders position ahead of the Fed decision.

The U.S. dollar weakened as traders reacted to a softer CB Consumer Confidence reading and a sharp pullback in oil prices. EUR/USD and GBP/USD recovered ground, while USD/CAD eased and USD/JPY remained pinned below a key resistance zone.