Foreign exchange market. American session: the U.S. dollar increased against the most major currencies due to the strong U.S. economic data

The U.S. dollar increased against the most major currencies due to the strong U.S. economic data. The Conference Board released its consumer confidence index. The index climbed to 85.2 in June from a reading of 82.2 in May. That was the highest level since January 2008. May's figure was revised down from 83.0. Analysts expected an increase to 83.6.

New home sales in the U.S. jumped 18.6% in May to a seasonally adjusted annual rate of 504,000 units. That was the highest level since May 2008.

Analysts had expected new home sales to rise to 442,000 units. April's figure was revised down to 425,000 units from 433,000 units.

S&P/Case-Shiller home price index climbed 10.8% in April, missing expectations for a gain of 11.6%, after a 12.4% rise in March.

Richmond Fed manufacturing index declined to 3 in June from 7 in May, missing expectations for a fall to 6. Figures above zero indicate expansion.

The euro declined against the U.S. dollar after the release of the better-than-expected U.S. economic data. The German Ifo business climate index declined to 109.7 in June from 110.4 in May. That was the lowest level this year. Analysts had expected a fall to 110.3.

The German Ifo expectations index fell to 104.8 in June from 106.2 in May.

The British pound declined against the U.S. dollar due to the speech of the Bank of England (BoE) Governor Mark Carney and the better-than-expected U.S. economic data. Mark Carney testified before parliament's Treasury committee today. He said that the interest rate hike will be driven by the U.K. economic data. He also said that wages in the U.K. are softer than expected by the BoE.

These comment by Mark Carney means there is no need to hike interest rate.

The British Bankers Association release the mortgage approvals. The U.K. mortgage approvals climbed by £41,800 in May, exceeding expectations for a rise of £41,300, after an increase of £41,900 in April.

The New Zealand dollar fell against the U.S dollar due to the better-than-expected U.S. economic data. No economic reports were released in New Zealand.

The Australian dollar declined against the U.S. dollar due to the better-than-expected U.S. economic data. No economic reports were released in Australia.

The Japanese yen traded lower against the U.S. dollar due to the better-than-expected U.S. economic data. No economic reports were released in Japan.

Japan's Prime Minister Shinzo Abe unveiled the reform plans of his "third arrow" strategy today. His reform plan focuses to encourage Japanese companies to invest more and create more jobs. The government plans to cut the corporate tax rate and to boost the role of working women due to the shrinking workforce in Japan.