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The dollar fell sharply against the euro, while losing all previously earned the position, even though the output of better-than-expected U.S. data. According to most experts, this dynamic trade related, primarily, to the fact that the Syrian conflict continues to trouble markets.
With regard to economic releases, it is to provide a report on the S & P / Case-Shiller and from the Conference Board, noted that the U.S. housing prices continued to rise in June, but the pace may slow in the future, showed published on Tuesday, the report S & P / Case-Shiller .
Housing prices in 10 major U.S. cities rose by 11.9% in the year ended in June, according to S & P / Case-Shiller. Housing prices in 20 major cities rose by 12.1% compared with a year earlier, which is close to the expectations of economists 11.9%. On the basis of an off-season prices for 10 and for 20 cities rose 2.2% in June compared with May. The seasonally adjusted price index for 10 cities rose 1.1%, while for the 20 cities rose 0.9%.
Meanwhile, it became known that the index of U.S. consumer confidence rose unexpectedly in August, which was primarily reflected in the improvement of short-term expectations. In the Conference Board reported that its consumer confidence index rose this month to a level of 81.5, compared to the upwardly revised index for July at around 81.0. We add that even a slight increase came as a surprise to economists, as they had expected decrease in this indicator to the level of 78.0 from 80.3, which was originally reported in the previous month.
The yen rose against all major currencies against the falling value of the Asian and European shares, which increased demand for safe-haven assets. This decrease is due to the stock indices growing tensions in Syria. On Monday, U.S. Secretary of State, John Kerry said that the U.S. intelligence there is conclusive evidence that chemical weapons were used near Damascus Syrian government forces, and that should not go unpunished. According to him, President Barack Obama prepares to take a decision on this issue, as only in the Syrian army had missiles capable by chemical attack.
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