Dollar and Yen were the runaway leaders in the forex markets last week. While Fed is not quite likely to announce tapering this week, recent solid data argues that November would finally be the date. Stocks in US and Europe have been losing much upside momentum as central banks are starting to prepare for slowing down stimulus. Besides there are concerns over re-escalating tension between China and US, with the latter's close allies of UK and Australia added to the mix. The scale of the impact of China's Evergrande trouble is also worrying, in the background of slowdown in the economy. Overall, development in major indexes continue to point to increasing chance of a correction. Though, Yen was somewhat still supported additionally by the powerful Nikkei. On the other hand, Australian and New Zealand Dollars ended the the worst performing ones, together with Swiss Franc. |