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

According to ME News, on February 6th (UTC+8), Chris Turner of ING Bank stated in a report that the US dollar could face downward pressure if upcoming US economic data is weak. The preliminary reading of the University of Michigan's February Consumer Sentiment Index will be released at 23:00 Beijing time tonight. Turner said that if the data unexpectedly declines, it could be slightly negative for the dollar, as this would again remind the market that consumer confidence is to some extent dependent on stock market performance. (Source: ME)