It was another roller-coaster week. Swiss Franc ended as the strongest one after SNB Chairman Thomas Jordan surprisingly said it's ready to act if inflation solidified. But it should reminded that he reiterated the readiness on intervention too. Euro was somewhat pressured due to selling in crosses. Dollar, Canadian and Yen were the worst performing ones. Stocks in the US displayed some resilience in spite of the volatility. There is prospect of fulfilling an oversold bounce soon. At the same time, benchmark yields were extending their near term consolidation. The developments could cap any rally attempt in Dollar, and even trigger some deeper selloff for the near term. Meanwhile, as Chinese market stabilizes, Aussie could try to lead other commodity currencies for an extended rally ahead. | 