Home 2020 USD Suffers Its Worst Month in the Last 10 yrs Vs Peer...

USD Suffers Its Worst Month in the Last 10 yrs Vs Peer Currencies


#Dollar #rates #yields #C19coronavirus


EUR rose the most in a decade in July, the GBP marked its best July since Y 1990, and for the 1st time this year, every major currency in the world rose against the Buck.

It is all thanks to the USD’s 4.6% dive, its biggest monthly decliner since Y 2010.

The world’s reserve currency of choice was already on the back foot when President Trump raised the idea of delaying elections this year. He added fuel to the rout driven by falling US Treasury rates, real yields near all-time lows and disappointment over America’s response to the C-19 coronavirus compared to Europe.

The Japanese Yen strengthened more than 3% Vs USD in July, the biggest increase since Y 2018. Its appeal as a haven is growing as the dollar drops

The Pound Sterling has recovered losses since the virus lockdown began in March, trading as high as 1.3145 Vs USD. It’s 5.9% gainer this month is the biggest since Y 2009.

EUR, the common currency advanced more than 5% this month to the highest since May 2018.

We see more Southside to the USD going forward.

Have a healthy day, Keep the Faith!

Previous articleThe US Economy is Experiencing a V-Shaped Recovery
Next article30 Yr Home Mortgages Fall to 2.99%, a 50 yr Low
Paul A. Ebeling, a polymath, excels, in diverse fields of knowledge Including Pattern Recognition Analysis in Equities, Commodities and Foreign Exchange, and he is the author of "The Red Roadmaster's Technical Report on the US Major Market Indices, a highly regarded, weekly financial market commentary. He is a philosopher, issuing insights on a wide range of subjects to over a million cohorts. An international audience of opinion makers, business leaders, and global organizations recognize Ebeling as an expert.