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EUR/USD climbs steadily yet remains in the negative

FXstreet.com (Chicago) – EUR/USD accumulates 0.37% daily losses at the closing of the American trading session. Green results indicate market participants may be less concerned about the Syrian conflict as revealed by price action and daily gains.

Stronger USD

Earlier in the US, pending home sales (MoM) for July were -1.3% vs. previous -0.4% and estimates at 0.2%. Yearly results were at 6.7% vs. past 10.9%. In Europe, the M3 Money Supply growth was 2.2% vs. estimates at 2.0% and past results at 2.4%. The decline of oil prices and weakening of the yen throughout the day indicated a diminution of …read more