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Anticipating American Confidence Levels

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The University of Michigan (UoM) is set to release its data on consumer confidence and inflation expectations later today. The reports are anticipating a somewhat mild dip in confidence levels, though a case could be made that traders should fear for the worst from this report.

What traders have seen these past few weeks is a serious shortfall in industrial and manufacturing output, as well as turns to safety by investors as a double-dip recession appears more and more imminent. The UoM reports may not affect currency values heavily is they come in near expectations, but a broad decline could send traders reeling and seeking safety in the value of the greenback.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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