Market Recap

Weekly Markets Recap

The US dollar strengthened broadly this week, with the Australian dollar and euro taking the biggest hits, falling roughly 1.4% and 1.3% against the greenback respectively. The British pound held up comparatively well, slipping just 0.2%, while the Japanese yen edged modestly higher against the dollar, with USD/JPY dipping 0.4% — though the pair remains at elevated levels above 158. Overall, it was a week that favoured dollar bulls across most major currency pairs. Traders will be watching closely to see whether this dollar momentum carries into the coming week.