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EURUSD: Trading the U.S. Consumer Confidence Report
Trading the News: U.S. Consumer Confidence What’s Expected: Time of release: 08/28/2012 14:00 GMT, 10:00 EDT Primary Pair Impact: EURUSD Expected: 66.0 Previous: 65.9 DailyFX Forecast: 65.0 to 68.0 Why Is This Event Important: The Conference Board’s Consumer Confidence survey is expected to increase to 66.0 from 65.9 in July and the ongoing improvement in household confidence may prop up the U.S. dollar as it dampens the Fed’s scope to expand its balance sheet further. Although the FOMC Minutes heightened speculation for another large-scale asset purchase program, the central bank may preserve its current ... (full story)