The dollar is supported by strong statistics from the USA. For example, the University of Michigan Consumer Expectations Index for August turned out to be much higher than analysts' forecasts, amounting to 54.9 points against the expected 48.4 points, while the Michigan Consumer Sentiment Index for the same period rose to 55.1 points, exceeding projected 52.5 points.
A clear improvement in consumer sentiment in the US allows the Fed to act more decisively if the economic situation requires it. The next meeting of the regulator will be held in September and it is expected that the key rate will be increased by 50 basis points.
Analysts recommend holding long DXY positions with the target at 107.00.