The US currency remains under the pressure of sellers, despite the publication of a moderately positive value of the consumer sentiment index from the University of Michigan. Recall that the previous value was at the level of 96.3, the forecast was 97.1, the fact is 97.6. In January and December, this indicator exceeded the 98-point mark. Therefore, I can not say that now we have very good value for it, but I would not consider it a signal for selling the US dollar.
However, at the time of publication of the index, demand for the US dollar declined. Within the first 5 minutes after the release, the US dollar index decreased by 0.1%, moving away from the session high by more than 25 points with the average daily volatility of the US dollar index of 59 points (per month) and 67 points in six months. Accordingly, the risk of further weakening of the US dollar paired with major currencies remains very high.
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