
FX Markets Steady Amid Benign Euro Inflation and Dollar Focus, July 13-20 2026
Major currency pairs showed limited volatility over the week ending July 20, 2026, with the US dollar holding near index levels of 101 amid mixed equity sentiment and geopolitical tensions. EUR/USD traded around 1.144 after holding above 1.1400 early in the period, while GBP/USD remained near 1.346 and commodity currencies like AUD and NZD edged higher on positive risk appetite. Benign inflation readings in Europe and upcoming Fed testimony provided context, with markets focusing on global trade and growth data.