The rumor of earlier reopening in China seemed to have overwhelmed other heavy weight events in the markets last week, including Fed's hawkish rate hike and non-farm payroll report. Late rally in stock markets helped commodity currencies secured the winning places, with New Zealand Dollar having an edge over Australian and Canadian. On the other hand, Sterling ended as the worst performer, paring some of the Sunak-era gains, and weighed down by BoE dovish hike. Euro and Swiss Franc didn't perform much better, even though they did rebounded against the greenback. Dollar was mixed together with Yen, awaiting more guidance from risk sentiment ahead. |
