The United States (US) will publish March CB Consumer Confidence on Tuesday, expected to have improved to 106.9 from 106.7 in February.
CB Consumer Confidence is expected to recover modestly in March after the first slide in four months. Financial markets seem to have fully digested the Federal Reserve’s caution US Dollar retreats from one-month high, preserves its bullish bias. The United States will publish March CB Consumer Confidence on Tuesday, expected to have improved to 106.9 from 106.7 in February.
Ahead of the announcement, the Dollar Index hovers near 104.20 after reaching a one-month high of 104.49 last Friday. According to technical readings in the daily chart, the decline remains corrective, with technical indicators retreating from their recent highs but still developing within positive levels. At the same time, DXY remains comfortable above its moving averages, with the 200 Simple Moving Average providing strong support in the 103.70 region.
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