EUR/USD touched the highest level since the very beginning of 2015. The reason for that was the
launch
of a ballistic missile by North Korea. The missile flew over Japan
and dropped in the Pacific waters. Many experts speculated that it was
a test by the rogue nation of its capability of reaching the United
States. The resulting risk aversion hurt the US dollar. The unexpected
surge of the US consumer confidence alleviated the pressure
on the greenback to some degree, but the currency still remained
vulnerable.
S&P/Case-Shiller home price index rose 5.7% in June,
year-over-year. It was exactly the same rate of growth as in May and slightly above the predicted 5.6%.
Month-on-month, the index was up 0.8%. (Event A on the chart.)
Consumer confidence jumped from 120.0 in July to 122.9 in August. Forecasters had predicted a modest increase to 120.9. (Event B on the chart.)
On Friday, a report on
durable goods orders
was released, showing a drop by 6.8% in July. That is compared
to the predicted decline of 6.0% and the previous month’s increase
by 6.4%. (Not shown on the chart.)
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