FXstreet.com (Barcelona) - U.S. Conference Board's Leading Index has increased 0.6% in August, posting its sixth consecutive increase, adding signals of recovery in the world's largest economy. The dollar has remained largely unaffected bu Leading Index data.
July's reading has been upwardly revised to a 0.9% advance, from the 0.6% reading initially estimated. Furthermore, the Coincident Index remained unchanged in August, following a 0.1% increase in July, and the lagging Index edged down 0.1% after a revised 0.5% decline in July, initially estimated -0.3%.
EUR/USD, which had bounced at intra-day low 1.4610, reaching levels around 1.4660 moments ahead of the release of the Leading Index, has dropped to 1.4640 after figures were released. GBP/USD has remains moving sideways between 1.6135 and 1.6200, and the USD/JPY moves around 92.25 after rally from 91.30 low was capped at 92.55.