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Market Update

EncoreFX’s daily market updates are written by our experienced and professional dealing team.

USD Makes Moderate Rebound From its Lowest Level in Over a Year

Published July 31, 2017
  • The greenback made a small rebound from its lowest level in 13 months against a basket of the other majors today
  • Growth in China’s manufacturing sector cooled slightly this month as foreign demand for Chinese goods decreased. A government-led infrastructure push kept construction humming and helped propel the world’s second-largest economy
  • ECB has more grounds for tightening its monetary policy in the fall after core inflation rises and unemployment drops
  • Oil prices rose to a fresh two-month high today, extending strong gains from last week