Commerzbank: index of consumer confidence is unlikely to support the dollar

Good data on the U.S. economy are beginning to have a positive impact on the U.S. currency. According to analysts Commerzbank, the U.S. dollar rose on Monday after the publication of data on sales of new homes in the United States, which were higher than forecasts. The bank called it an indication that the market reaction to the data on the U.S. no longer corresponds to the traditional model, according to which good American economy led to a weakening U.S. currency. Nevertheless, caution in Commerzbank, despite the fact that in the coming months as the U.S. economic recovery, this trend can have more good data on the index of consumer confidence is unlikely to provide support for the U.S. currency.