 While Fed minutes started to prepare the markets for discussion on tapering in the coming months, Dollar wasn't give much support. It has indeed ended as one of the worst performers for the week, just next too New Zealand and Australian Dollar. On the other hand, Swiss Franc and Yen ended as the strongest ones. While the development in currency markets might suggest risk aversion, it's not much seen in other markets indeed. Major global stock indexes, US, Europe and Asia, ended nearly flat. Gold edged up mildly while oil price was just slightly lower. The main risk selloff was only seen in some commodities and crypto-currencies Overall, we'd argue that the strength in Swiss Franc is not solid enough yet while Aussie was not totally weak. Dollar could extend lower for the near term but strong support might be not too far away. Overall, directions are generally unclear. | 
