Extended its gains last week as the U.S. Dollar was pressured by geopolitical tension between the United States and North Korea, with very little significant economic data released by the Eurozone. The rate began the week by gaining a fraction on Monday as St. Louis Fed President James Bullard said he was “ready to get going in September” on the unwinding of the Fed’s $4.5 trillion balance sheet, but that the balance sheet unwind, “is going to be very slow and I don’t think there will be a lot of impact on the markets.” The pair declined on Tuesday after U.S. JOLTS Job Openings increased to +6.16M compared to an expectation of +5.74M. The rate then made its weekly low of 1.1688 on Wednesday after comments from U.S. President Trump, responding to threats from North Korea that said they were ready to give the United States a “severe lesson”. Trump responded saying that North Korea “best not make any more threats to the United States” and that, “they will be met with fire, fury and, frankly, power the likes of which this world has never seen before.” On Thursday, the pair consolidated at a slightly higher level after U.S. PPI declined by -0.1% m/m compared to an expected increase of +0.1%, while Core PPI also declined by -0.1% versus +0.2% expected. In addition, Initial Weekly Jobless Claims increased to 244K in its latest week, which was in line with expectations. The rate then made its weekly high of 1.1844 on Friday after disappointing U.S. CPI data. Both Core CPI and CPI increased by only +0.1% m/m compared to an expectation of +0.2%. EUR/USD went on to close at 1.1819, with a net gain of +0.4% for the week.