USD on Pace for Its Biggest Loss in the Decade

WikiFX News (1 Aug) - USD is experiencing its longest downtrend since 2010, while the consecutive decline recently is the second worst one since April 2011. The future trend of USD is now testing market sentiments.

In terms of GBP/USD, it keeps gaining although GBP is struggling with the lack of progress on post-Brexit trade negotiations with the EU. Meanwhile, USD/JYP makes no advance in the past month, although they both enjoyed yields as safe haven currencies at the beginning.

USD is the reserve currency which used most heavily in the world. But it is facing a serious systemic problem, that is, how currency stabilization will tend to be in the future. Currently, forex traders should beware of volatility. With more cases of coronavirus confirmed globally, a wider fear may arise from the impact of the epidemic on growth and trade.

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