XE Market Analysis: North America – Jul 29, 2020

The dollar has been trading soft-to-steady, seeing new lows against some currencies and nudging the narrow trade-weighted USD index to a new 25-month low at 93.40. EUR-USD is showing modest gains, though has also remained with its Tuesday range and below the 22-month high see yesterday at 1.1782. Cable, meanwhile, lifted to a new five-month high at 1.2979, aided in part as markets factor in increased odds for the UK reaching a trade deal with the EU. AUD-USD also whittled out a fresh trend high, at 0.7194. USD-CAD settled near the 1.3350 mark, above Tuesday’s seven-week low at 1.3329.