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EUR/USD: Trading the US Consumer Confidence Survey
The Conference Board’s Consumer Confidence survey is expected to bounce back from a two-year low in November, and the rebound in household sentiment could spark a bullish reaction in the U.S. dollar as the data highlights an improved outlook for the world’s largest economy. As growth prospects pick up, the Federal Reserve may see limited scope to conduct another round of quantitative easing, and we may see the central bank conclude its easing cycle as Fed officials expect economic activity to gradually gather pace in the following year. However, the FOMC may keep the door open to expand monetary policy further in ... (full story)