 The last week of August was unusually volatile and eventful. It's a week to remember yet it's hard to remember all the details. Almost every major currency got its own stories. Swiss Franc and Japanese Yen ended as the first and third strongest ones on risk aversions. And apparently, there were more problems in Europe than in Asia. Sterling was the second strongest with the help of friendly comments from EU on post Brexit relationship. On the other hand, commodity currencies were the weakest ones with Australian and New Zealand Dollar that led the way down. Euro was the third weakest, followed by Canadian Dollar. Even though a the most substantial risks of the world economy, trade war, started from the US, Dollar was mixed while US stocks made new record highs. |
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