POUND RISES TO 6-YEAR HIGHS VERSUS GREENBACK AFTER MIXED DATA The pound strengthened against the US dollar today after mixed reports sent the dollar down. The British pound rose 0.18% reaching the highest level in six years. This comes after a mixed batch of data from the US. US pending home sales rose 6.1% last month, the largest increase since August 2010, easily beating expectations for a 1.5% increase, and reaching an eight-month high. A separate report, however, showed that the Chicago purchasing managers' index declined to 62.6 in June from 65.5 in May. Analysts had expected a reading of 63.0. The US dollar fell against most of its major rivals today following the data releases. It dropped 0.46% against the yen, 0.17% against the Aussie and 0.26% against the kiwi. However, the Canadian dollar lost 0.29% against the greenback with USD/CAD rebounding from six-month lows after a report showing that the Canadian economy only grew by 0.1% in April, short of the 0.2% increase expected. The Dollar Index was down 0.29%. Investors are eyeing the non-farm payrolls report later in the week for a true indication of the US labor market. אייטק (http://www.atech.trade/) אלגו טריידינג (http://www.atech.trade/)