Dollar confidence erodes

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US consumer confidence dropped marginally to 104.0 in February in 105.1, but that is not likely to have a considerable affect on the economies. The dollar will probably be exposed to anxieties and sentiment over book diversifiion. There will, nevertheless be warning before the US CPI report on Wednesday along with the buck needs to be able to find support in the 1.3250 degree from the Euro.

Analysis provided by http://www.fxtoday.co.uk