The markets were rather indecisive last week, as there is still no clarity on the Russia-Ukraine situation. The fall in benchmark treasury yields and rally in Gold suggest some risk-off undertone. But then, the selloff in equities was not very committed. Meanwhile, crude oil price gyrated in established range on conflicting developments. In the currency markets, New Zealand Dollar ended as the strongest one, followed by Aussie. But Yen and Swiss Franc were picking up towards the end of the week. Euro was the worst performing one, followed by Canadian, and then Dollar. Sterling was mixed in the middle. |
