XE Market Analysis: Europe – Aug 06, 2020

The USD index edged out a fresh 27-month low at 96.53, continuing what is a fourth consecutive week of decline and a fourth straight month of decline, dropping by just over 10% from the early March peak. The loss of confidence in the U.S. currency has partly been reflected in the ongoing rally in gold, which has remained buoyant after posting a fresh record nominal high at $2,057.50 yesterday. A deal on the U.S.