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Consumer confidence and the US GDP data

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. 

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