Deutsche Bank: If U.S. confidence indicators weaken, the dollar will face a decline

ChainCatcher news, Deutsche Bank analyst Volkmar Baur stated in a report that if the upcoming data shows a further decline in U.S. corporate confidence, the dollar may fall.

Many U.S. companies initially reacted positively to President Trump's election victory, but the situation changed in January. Businesses became uneasy about Trump's "bombastic" announcements and some of the reversals within them. Several confidence indicators for February will be released in the coming days, including the New York Fed manufacturing index. "If there is a further decline, the dollar may face increasing resistance."