CB Consumer Confidence

2 STORIES

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A detailed view of American and Euro currency notes, emphasizing global finance.

FORECASTS26D

U.S. Dollar Retreats as Consumer Confidence Slips and Oil Selloff Pressures 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.

GBP-USD FEDERAL-RESERVE OIL

Aerial view of mixed Euro and US Dollar banknotes on a wooden floor, symbolizing global finance.

FORECASTS28D

U.S. Dollar Retreats as Consumer Confidence Miss and Oil Slide Hit Yields

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.

GBP-USD FEDERAL-RESERVE US-DOLLAR-INDEX