Market Recap

Monthly Markets Recap

The US dollar had a mixed month across major currency pairs, strengthening notably against the euro, which fell 1.8% — the standout move in FX markets. The Australian dollar and British pound both edged higher against the greenback, gaining 0.9% and 0.7% respectively, suggesting some selective appetite for risk and non-US currencies. The Japanese yen saw modest further weakness, with USD/JPY nudging up 0.3%, keeping the pair well above the 157 level. Overall, it was a relatively subdued month for currency markets, with no dramatic swings outside of the euro's pullback.