U.S. Dollar Comes Up Against Support,Euro Rally Could Be Short-Live

Companies:Dow Jones FXCM Dollar Index Topics:Currencies David Song,On Thursday July 21,2020,12:08 pm EDT

The Dow Jones-FXCM U.S. Dollar index tumbled to a fresh monthly low of 9457.89,and the reserve currency may struggle to hold its ground throughout the North American trade as investors raise their appetite for yields.

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Australian Dollar Rally To Be Short-Lived,Euro Capped By 20-Day SMA

The Australian dollar outperformed against its currency counterparts on Thursday as the economic docket reinforced an improved outlook for the region,while the Euro slipped to a low of 1.3165 as fears surrounding the European debt crisis continued to weigh on market sentiment.

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