North Korea's threat to launch

North Korea's threat to launch a military strike on the US alarmed markets: dollar rises sharply

currency "safe haven" - the US dollar, the Japanese yen and the Swiss franc - continued strong growth in the medium due to rising tensions between the US and North Korea. Also growing government bonds, gold, silver. Assets EM (emerging markets) interrupted three-day rally and reduced. Russian ruble and the RTS index does not help even the growth of oil prices, they also ended up in the general wave of risk aversion. Moreover, the euro fell below 1.17 against this background. New minimum was found at 1.1689. After an initial fall of the pair regained some of its losses and is currently trading at 1.1707, down 0.4% on the day.

Today's US data showed that non-farm productivity in the second quarter rose to 0.9% from 0.1% in annual terms. By historical standards, performance remains very low and reduces the effectiveness and limit economic growth. This poor performance is due to weak capital investment companies. Labor costs in the second quarter increased by 0.6% compared to consensus of 1.2%. However, the index of the first quarter was strongly revised upwards. After yesterday's fall below the 200-WMA at 1.1775 EUR / USD struggled to achieve a convincing recovery, but he did not succeed. Probably, the pair will remain under pressure until the show daily close above this level. 1.1845 (the high of July 31), and 1.1905 (the high of August 2) can be seen as next resistance. On the other hand, support seen at 1.1670 (July 28 low), 1.1610 (low of July 26) and 1.1500 (psychological level).

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