The US dollar slipped to two-year lows today and is on track to post its biggest monthly decline in 10 years, as investors worried that a recovery in the U.S. economy could be stymied by a second wave of coronavirus, Reuters reports. The dollar index fell to 92.777 and is on course to post its biggest monthly fall in 10 years. The euro hit a two-year high of US$1.1889 and last traded at US$1.1869, having gained by 5.7 percent so far in July, also the biggest gain in a decade. Against the yen, the dollar hit a 4 1/2-month low of 104.52 yen and last stood at 104.54, having lost 3.1 percent this month. Likewise the British pound stood at US$1.3119 after hitting a 4 1/2-month high of US$1.3136.

Source: The Standard July 31, 2020 02:15 UTC