A report released by the Commerce Department on Friday showed new home sales in the U.S. rebounded in the month of June after falling sharply in the previous month. The Commerce Department said new home sales jumped by 1.6 percent to an annual rate of 628,000 in June after tumbling by 4.3 percent to a revised rate of 618,000 in May.

Eurozone private sector expanded for the first time in four months in July on renewed growth in new orders, flash survey results from S&P Global showed Friday. The flash composite output index hit a five-month high of 51.9 in July compared to 50.0 in June. The expected reading was 50.3.

The British pound strengthened against other major currencies in the European session on Friday, after U.K retail sales grew unexpectedly in June as warm weather boosted outdoor product sales.

German consumer confidence declined in August as income expectations fell and savings willingness increased, according to the NIM Consumer Climate powered by GfK. The forward-looking index dropped to -29.6. Explore the key drivers behind this shift in consumer sentiment.

The European Central Bank left its key interest rates unchanged on Thursday as expected, after raising them in June, but policymakers acknowledged that the situation remains highly uncertain as the full impact of the energy shock caused by the Middle East conflict is yet to be felt. Meanwhile, remarks from the ECB chief heavily sided towards a rate hike in September.

First-time claims for U.S. unemployment benefits unexpectedly decreased in the week ended July 18th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims fell to 187,000, a decrease of 22,000 from the previous week's revised level of 209,000. Economists had expected jobless claims to rise to 212,000.

The Australian dollar strengthened against other major currencies in the Asian session on Thursday, as strong labor data raised anticipation for the Reserve Bank of Australia or RBA interest rate hike.

Europe new car sales growth accelerated notably in June as market support measures lifted demand for electric vehicles, data from the European Automobile Manufacturers Association said Thursday. Car sales increased 13.6 percent on a yearly basis after rising 3.2 percent in May. In June, hybrid electric car sales advanced 18.4 percent in June.

U.K. consumer price inflation slowed to the lowest since March last year on transport and food prices in June, data from the Office for National Statistics showed Wednesday.
The consumer price index climbed 2.6 percent year-on-year in June, slower than the 2.8 percent increase in May. Prices were expected to climb 2.7 percent.

The New Zealand dollar weakened against other major currencies in the European session on Wednesday, due to rising risk aversion associated with the developing geopolitical tensions between the US and Iran.

The British pound strengthened against other major currencies in the pre-European session on Tuesday, following the release of U.K. employment report.

Partially reversing gains registered in May and April, the Conference Board released a report on Monday showing a modest pullback by its reading on leading U.S. economic indicators in the month of June. The Conference Board said its leading economic index dipped by 0.2 percent in June after inching up by 0.1 percent in May. Economists had expected the index to edge down by 0.1 percent.

Better-than-expected inflation readings from the U.S aided and abetted the dollar's mild retreat during the week ended July 17.

The commodity currencies such as Australia, the New Zealand and the Canadian dollars strengthened against their major currencies in the European session on Monday, as the crude oil prices surged after the hostilities between the U.S. and Iran intensified raising the possibility of a full-scale conflict and closing the Strait of Hormuz to maritime traffic.

Consumer sentiment in the U.S. has improved by much more than expected in the month of July, according to preliminary data released by the University of Michigan on Friday. The University of Michigan said its consumer sentiment index jumped to 54.4 in July from 49.5 in June. Economists had expected the index to rise to 51.3.

Industrial production in the U.S. edged slightly higher in the month of June, according to a report released by the Federal Reserve on Friday. The Fed said industrial production crept up by 0.1 percent in June, matching the uptick seen in May. Economists had expected industrial production to rise by 0.2 percent.

A report released by the Commerce Department on Friday showed a substantial rebound in new residential construction in the U.S. in the month of June. The Commerce Department said housing starts soared by 19.0 percent to an annual rate of 1.427 million in June after plummeting by 15.2 percent to a revised rate of 1.199 million in May.

Import prices in the U.S. unexpectedly saw further upside in the month of June, according to a report released by the Labor Department on Friday. The Labor Department said import prices rose by 0.3 percent in June after jumping by a downwardly revised 1.7 percent in May. Economists had expected import prices to decrease by 0.3 percent.

Malaysia's economic growth accelerated in the second quarter on robust manufacturing and mining output despite tensions in the Middle East, official data revealed Friday. Gross domestic product registered an annual growth of 5.8 percent in the second quarter, faster than the 5.4 percent rise in the preceding period, according to advance estimates from the Department of Statistics.

Final inflation and current account from the euro area are the top economic news due on Friday. At 3.00 am ET, Statistics Austria publishes Austria's final inflation figures for June. In the meantime, the Czech Statistical Office releases producer prices data.