Dollar on course for worst July in months with more room to run
‘The economic underperformance of the US is likely to feed into continued underperformance of the dollar’
27 July 2020 - 18:56
New York — A rout that sent the dollar to the lowest since January 2019 may have room to run.
Data from the Commodity Futures Trading Commission show that asset managers added to net long positions on the yen, the euro, the Canadian dollar and the Swiss franc, adding fuel to a sell-off that sent the Bloomberg Dollar Spot Index tumbling 3.4% in July. The gauge is poised for its worst July since 2010...
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