The Best and Worst Performing Currency Pairs in July 2022

Nick Ranga

July was another volatile month, with the EURUSD falling below parity, hitting a low of 0.9952, according to our chart. It was a month of euro weakness, given the continent’s energy issues and monetary policy challenges. Here are some of the top performing major and minor pairs…

EURAUD -3.18%

EURAUD chart

  • As we said, it was a month of weakness for the euro, given its macroeconomic challenges.
  • The EURAUD tumbled 3.18% in July
  • The ECB raised rates for the first time in 11 years
  • With Australia reporting a lower than forecast inflation rate, could we see a turnaround in the pair? 

EURNZD -2.72%

EURNZD chart

  • The euro also fell significantly against the New Zealand dollar during the month
  • It hit a low of 1.6133 on the 28th of July (yesterday), but on the final trading day of the month, it made slight gains
  • The Reserve Bank of New Zealand lifted the benchmark rate to 2.5% in mid-July

GBPAUD -1.68%

GBPAUD chart

  • Despite other euro-related pairs moving significantly, let’s take a look elsewhere to the GBPAUD
  • It fell 1.68% in July, touching a low of 1.7207
  • The BoE’s last hike of 25bps disappointed investors somewhat, but there is pressure for a more significant increase on August 4.

AUDCHF +2.14%

AUDCHF chart

  • As you may have noted, the Australian dollar gained some traction during July.
  • The AUDCHF, despite a significant decline in June, has climbed in July, although still nowhere near the previous highs
  • The highest point during the month was 0.6725
  • Australia reported a softer than expected CPI, giving some breathing room to the RBA
  • However, if macroeconomic uncertainty continues, could we see another leg lower?

Risk Statement: Trading Foreign Exchange on margin carries a high level of risk and may not be suitable for all investors. The possibility exists that you could lose more than your initial deposit. The high degree of leverage can work against you as well as for you.

Nick Ranga logo74% of clients lose money. Capital at risk.

- Trusted Global Market Leader
- Online FX & CFD Trading
- 180+  Global Markets, 84 FX pairs, 65 shares, 17 popular indices and more
- Forex, Indices, Commodities, Equities & Bitcoin
- Available to US traders

Oanda Logo77% of retail CFD accounts lose money Your capital is...
  • Choose from four high-quality platforms.
  • Good trading conditions with fast execution speeds
  • Excellent research and analysis
  • Strong client protection
  • Winner of Most Popular Broker award for three consecutive years.
  • Fees and commissions are inline rather than market-leading.
  • Satisfactory rather than impressive range of instruments.
eToro LogoYour capital is at risk

- Trade 15 cryptocurrencies
- Beginner friendly