Jul Forex Scorecard

The month of July has seen the EURUSD come under selling pressure while the dollar is trading mixed to lower elsewhere. As the table below shows, the currency ended the month on a weaker note although off its 20+ year low set earlier in the month, which was a brief move below parity. This suggests EUR weakness despite the dollar backing off on a fall in US yields as markets reassess US monetary policy expectations amid signs of a slowing economy.CurrencyJune 30 closeJuly 29 close% changeEURUSD1.04821.0225-2.5%GBPUSD1.21751.2181+0.1%USDJPY135.73133.21-1.8%*USDCHF.9549.9512_-0.3%*U