It has been a very volatile week as risk markets were initial knocked down by fear of the infectious delta variant. But sentiment made an about-turn then, even with US indexes closing at record highs. Still, despite late recovery, Australian Dollar ended as the weakest one. Yen was surprisingly the second worst performing, given that it was the early star in the week. Canadian Dollar ended as strongest but we'd doubt if it's strong could sustain. Dollar maintain a second place after all the moves. Euro was mixed with little reaction to ECB's new forward guidance. Sterling was also mixed, but seemed to be getting out of the clouds over the "freedom day". |