Jul 05, 2021 | Monthly Currency Outlook

Currency Market Outlook - July 2021

Our July report outlines the key events and drivers that our analyst team expect to impact FX currency markets in the weeks ahead.

Written by George Vessey, UK Currency Strategist 

Highlights include:

USD: U.S. second quarter growth, due July 29, could come in at a robust rate at around 10%.
CAD: USD/CAD has depreciated around 3% so far in 2021.
GBP: Sterling clocked a two-month high versus the euro but remained trapped in a tight trading range, lacking any meaningful directional conviction.
EUR: The European currency is very sensitive to the European outlook. A broader cut of restrictions in the area should underpining a strong recovery of economy.

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