Currency News Today — July 20, 2026
If history is a guide, there’s still another week before earnings will start to move the stock market and more — today's currency signal.
The global economic landscape continues to be influenced by a mix of geopolitical tensions and domestic issues. Ongoing developments in the Middle East, including the US hitting Iran for the ninth consecutive night and rising American casualties, are contributing to a sense of uncertainty in the markets. This uncertainty comes at a time when investors are closely watching corporate earnings reports, which have yet to significantly impact the stock market, with history suggesting that another week may pass before earnings start to drive market movements.
Meanwhile, domestic issues in the US are also making headlines, with the FBI announcing that it will no longer investigate confrontations involving ICE, and a CNBC survey finding that housing costs are the top political issue for young voters. The political landscape is further complicated by comments from Trump, who described a situation as a "poverty stricken disaster." As these stories continue to unfold, they are likely to have implications for the currency markets, particularly in terms of risk sentiment and potential impacts on the US dollar.
Today's signal:
• If history is a guide, there’s still another week before earnings will start to move the stock market (marketwatch.com)
• CNBC Daily Open: Burnham set to take helm of 'poverty stricken disaster,' says Trump (cnbc.com)
• U.S. hits Iran for ninth consecutive night as American casualties mount (cnbc.com)
• FBI will no longer investigate ICE confrontations, The New York Times reports (cnbc.com)
• Housing costs is the top political issue for young voters, CNBC survey finds (cnbc.com)