Market Recap

Weekly Markets Recap

The US dollar strengthened against most major currencies this week, with the Australian dollar leading losses, falling 1.3% against the greenback to sit just above 0.70. The euro and British pound also slipped, each dropping roughly 0.8–0.9% versus the dollar, reflecting broad dollar demand across developed-market FX. The Japanese yen continued to weaken, with USD/JPY rising 0.6% to nearly 159, keeping pressure on Japanese authorities who have been sensitive to yen depreciation at these levels. Overall, it was a week that favoured dollar bulls, with no major currency managing to make headway against the US currency.