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USD in the red against most G10

DOLLAR

Better USD selling as we start the European session.

  • USD touches lows against AUD, CAD, NOK, CZK, PLN, ZAR, and MXN
  • Cable trades back into green territory, up 0.08% at 1.3080 against the greenback, albeit within past ranges.
  • Looking ahead for the UK, focus will be on the next round of Brexit negotiations, starting on the 17th August, Covid 2nd wave risks, and plans for re opening schools in September, as BBC report that "Current testing and contact tracing is inadequate to prevent a second wave of coronavirus after schools in the UK"

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