July global FX outlook

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Last month saw the euro, Swiss franc, and Canadian dollar weaken due to interest rate cuts from their respective central banks. Conversely, the Federal Reserve reduced expectations for further cuts, causing the US dollar to climb to near eight-month highs.

The growing divergence in central bank policies suggests more volatility ahead. Japan is likely to raise rates further to manage yen losses, while Australia could see another interest rate hike as early as August.

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This monthly currency outlook written by our team of market insight experts, offers crucial analysis of global trends and events impacting FX volatility, aiding businesses to navigate the complexities of cross-border trade.

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