Dollar tumbled sharply, and broadly last week as markets perceive Fed's adoption of average inflation targeting as a dovish move. Nevertheless, selloff were mainly against commodity currencies and, to a lesser extent, Sterling. The greenback ended in range against Euro, Swiss Franc and Gold. Even Gold just gyrated inside recently established range. Yen had every reason to underperform Dollar. But it rebounded on news of Prime Minister Shinzo Abe's resignation and closed as second weakest only. New Zealand Dollar might have ended as the strongest one. But that was mainly thanks to the pull back in AUD/NZD after a few week's of strong rally. Australian Dollar was the indeed the best performing considering all factors. Such strength will face the test of a string of events this week including RBA. Canadian Dollar somewhat struggled mildly as WTI crude oil struggled to find follow through buying above 43 handle. | 