The forex markets were rather mixed last week. Yen ended as the worst performer, but Swiss Franc was the best. Canadian Dollar rose against all but Franc, while Aussie and Kiwi were weak. Euro was mixed together with Sterling wile Dollar was ended lower against all but Yen and Kiwi. Overall, there were hints of a turnaround in sentiment, as manifested in the late rebound in stocks. Tumbling commodity and energy prices raised hope that inflation is nearing its peak, which is also reflected in pull back in treasury yields. The upcoming developments in the last week of the quarter, and the first of next would reveal more on what next. |
