XE Market Analysis: Europe – Aug 05, 2020

The dollar has remained soft while gold prices have spurted to a fresh nominal high at $2,040.55 (still a long way from a record peak in inflation-adjusted terms). Washington’s policy stalemate on another pandemic relief bill has remained a major source of concern to investors, and most Treasury yields have pushed further into historic low territory. Though Wall Street found modest support on some signs of progress on a fiscal deal — participants said they are getting closer while vowing to work around the clock — both sides remained far apart.