U.S. Dollar Stays Strong as Other Currencies Falter

It has been difficult for the USD to maintain its run vs major currencies as it lost about .5% in July. However, over the past week is is up by about 1% against major currencies.

 

his move has established the Dollar as a safe haven among tense trade rhetoric. The CAD is recovering from its slump and the Mexican Peso is strengthening as NAFTA negotiations continue to inspire confidence in the currency.

The Euro is at a 13 month low and the the GBP is at an 11 month low following a decrease in retail sales in the Euro zone and Brexit uncertainty. Relevant economic data expected later in the week; CPI for the US on Friday and GDP for the UK. Stay tuned!

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