Brexit and US-China trade negotiation were the two major themes last week. After a week of drama, it's still unclear exactly what kind of Brexit deal would get through the Parliament. There's some anticipation for UK Prime Minister Theresa May on her plan B on Monday. Yet she could fail to deliver again. Nevertheless, Sterling ended as the strongest one last week on perceived diminishing chance on no-deal Brexit. On the other hand, Dollar gained as there are signs of progress in the trade talks. Or at least, words from the US side were positive. The developments also lifted stocks and treasury yields. The US government shutdown is extending its record run with no end in sight. But it's largely ignored by traders. New Zealand Dollar ended as the weakest one, followed by Swiss Franc and then Yen. |
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