FX Market Insight 20th July

The Trumpinator interjects to halt the recent USD rally after criticizing the FED over recent interest rate hikes and the strong USD. The majors turned around recent losses to close mid-range once again. One pair stands out and that's Sterling, which continues to weaken on really weak UK economic data. The rest of the majors have lost yesterday's momentum and now grind away mid-range. So we may have to wait for more economic data before we see a clear move.