Yesterday proved to be a flat day for the US dollar, although it did weaken slightly against its major trade partners following the release of better-than-expected German Business Climate survey results, which revealed increasing optimism in Germany. Today’s market promises more movement, with the release of the Consumer Confidence Survey in the US. This survey of consumer spending will provide a strong indicator of financial confidence in the US and is forecast to have fallen this month following severe snow storms across the US.
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