The U.S. consumer confidence rose to 102.00 from 97.5 in April,
after three consecutive months of consistent declines.
The US Consumer
Confidence Report had a positive impact on the dollar index. Today, it
publishes domestic production data that could completely change the direction
of the market.
More importantly, the majority of US federal members still
believe they will not cut interest rates until inflation is emphasized to fall
to record levels.
Dr. Kamaran Qader Yaqub,
Financial Consultant at
Investment Spot company.
