U.S. consumer confidence data is about to be released, which may be bearish for the dollar

According to Jin10, Chris Turner from ING stated in a report that if the upcoming U.S. economic data shows weakness, the dollar may face downward pressure. The preliminary consumer confidence index for February from the University of Michigan will be released at 23:00 Beijing time tonight. Turner noted that if this data unexpectedly declines, it could pose a slight bearish risk to the dollar, as it would once again remind the market that consumer confidence is somewhat dependent on stock market performance.