 Yen ended the week broadly lower, as the worst performing one, on return of risk appetite. That came with S&P 500 and NASDAQ closing at record highs. Dollar ended as the second weakest one as it's firstly talked down by Trump. Secondly, markets took Fed Chair Jerome Powell's speech at Jackson Hole rather negatively. Australian Dollar suffered much volatility on domestic political turmoil. While the Aussie rebounded towards the end of the week as marketed welcomed the new Prime Minister Scott Morrison, it's indeed the third weakest one in the week overall. On the other hand, Euro ended as the strongest one, primarily because Turkish Lira crisis faded and due to weakest of the others. Dollar, Yen and Sterling all have their own troubles. Swiss Franc was the second strongest. |
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