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US consumer confidence smashes expectations

US consumer confidence came in at 94.5 well ahead of expectations of a decline from 89.0 to 87.0. This is giving the dollar a like help, lifting it off its session lows having been drifting lower following the poor durable goods data earlier. The most impressive thing about this figure is that it shows US consumers have not yet had their confidence dented from the Ebola scares and could draw a line under the recent dollar weakness, especially since the Jobs Plentiful / Hard-to-Get data was also good meaning next week’s non farm payroll could surprise to the upside once again.

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