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A detailed collage of Euro and Dollar banknotes showcasing international currency exchange.
FORECASTSJUL 24, 2026
U.S. Dollar Retreats as Oil Slide Reshapes Major Forex Pairs
The U.S. dollar lost ground as a sharp pullback in oil reduced demand for safe-haven positioning. EUR/USD and GBP/USD advanced on stronger economic data, while USD/JPY pressed against a major resistance zone last seen in the mid-1980s.