Earlier today, official data showed that the German Ifo business climate index slipped to 108.3 this month from 108.7 in June. However, this drop was smaller than analysts’ expectations (for a drop to 107.5), which pushed EUR/USD higher, but did this increase change anything?

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Earlier today, the U.K. Office for National Statistics reported that retail sales declined by 0.9% in June, while core retail sales (without automobiles) dropped by 0.9%, missing analysts’ forecasts and increasing worries over strength of the British economy. In this environment, GBP/USD slipped under 1.3200. What happened at the same time with our other currency pairs?

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Yesterday, EUR/USD extended losses and slipped to the lowest level since Jun 27 ahead the ECB's Governing Council's first monetary policy meeting after Brexit. Earlier today, the exchange rate rebounded slightly, but is the worst already behind currency bulls?

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Earlier today, the USD Index extended yesterday’s gains and climbed to 97.37 as Tuesday’s solid housing data (U.S. building permits increased by 1.5%, while housing starts surged 4.8 percent) continued to support the greenback, increasing hopes that the Federal Reserve may raise rates later this year. How did this increase affect EUR/USD, USD/CAD and AUD/USD?

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The USD Index soared sharply after the Brexit vote, but it hasn’t done much since that time. However, since it seems that the consolidation is about to be over, it’s critical to estimate the possible impact on the key currency pairs.

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