NZD/USD shorts were the best trade this month via ForexLive

The US dollar was easily the best performer in July, adding at least 1.3% against the majors.

USD returns July 2014

The worst performer was the kiwi dollar after the Reserve Bank of New Zealand signaled a move to the sidelines until year end as it assesses a series of rate hikes.

Technically, the pair failed at the 2011 high but even with the declines the fall in July failed to outpace the rally the month before.

NZDUSD monthly

posted via ForexLive