The US dollar remains strong

27.10.2021

Investors in the euro/dollar are clearly taking a cautious stance – firstly, wait for news, and only then react. The current quote in EURUSD is 1.1600. Yesterday’s statistics from the US played in favor of the US dollar. Therefore, sales of new buildings in September amounted to 800 thousand against the previous value of 702 thousand. The forecast also assumed an increase to 755 thousand. The upward trend in this indicator continues and increases, which is quite good.

The Conference Board’s US consumer confidence index rose to 113.8 points in October against the previous 109.8. Expectations assumed a reduction to 108.4 points. In the components of the report, it can be seen that the improvement in the assessment also influenced the current situation, where the indicator rose to 147.4 points against 143.4. Interestingly, short-term inflation expectations have “skyrocketed” to a 13-year maximum.