XE Market Analysis: North America – Jul 31, 2020

The dollar pared intraday declines that were largely seen ahead of the London open. The narrow trade-weighted USD index printed a fresh 26-month low at 92.59, the culmination of a 5% decline from the finishing level in June and marking just over a 10% drop from the highs seen in early March, before lifting to a rebound high at 92.97. EUR-USD concurrently ebbed to the mid 1.1800s after pegging a 26-month high at 1.1908. Cable, AUD-USD, among other pairings, have seen a similar action. European stock markets and U.S.