Market Recap

Weekly Markets Recap

The Australian dollar was the standout currency performer this week, gaining 0.8% against the US dollar to trade at 0.6975. The British pound also made modest headway, adding 0.3% versus the greenback. The euro was the notable laggard among major currencies, slipping 0.3% against the dollar to 1.1194. Meanwhile, the Japanese yen saw little meaningful movement, with USD/JPY edging just 0.1% higher to 158.37, leaving the yen broadly flat on the week. Overall, it was a relatively quiet week for FX markets, with modest and mixed moves across the major currency pairs.