# Asian session review: the US dollar declined against the euro and yen: Analytics and Market news from 31 July 2020 07:22

> The US dollar fell against the euro and yen in Asian trading on July 31 amid renewed concerns about the US economic recovery. The session data included mixed Chinese PMI readings and weaker-than-expected Australian producer prices.

- Date: 2020-07-31 · published 2020-07-31T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/52346-asian-session-review-the-us-dollar-declined-against-the-euro-and-yen-analytics
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A softer dollar on recovery worries generally supports dollar-denominated commodity prices, though the move is a routine FX wrap with no new fundamental driver for feed markets.

## Read by commodity

- DXY: bearish ▼

## Sources

- teletrade.org: https://www.teletrade.org/analytics/market-analysis/market-news/3637195

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.