U.S. indices found themselves strongly soaring over the course of the week. The Nasdaq ended at 5987.3, strengthening by 2.62%, while the Dow made a gain of 0.9%, finishing at 21985.1.
In Japan, the Nikkei 225 was up by 0.35% during the week, locked at 19521.4.
UK’s economy received a series of positive news in recent days, including rising manufacturing figures, supportive boosts from Fed Chair Yellen’s dovish tone, and U.S weak job data, leading to a temporarily strong Sterling in near-term. The British Pound strengthened against its US cousin by 0.6% over the course of the week to end at 1.29531.
The US Dollar – Japanese Yen has spent another week struggling due to mixed financial information. Broadly speaking, traders predicted that there would be more dovish monetary policy meetings of Bank of Japan (BoJ) over the medium term because of headline inflation remaining weak, while JPY was benefiting from North Korea's missile-launch recently, making USD/JPY currently stuck. This currency pair only climbed by 0.45% to close at 109.802 on last week’s close.
USD/CAD intentionally rallied at the beginning of last week after a long bearish period, but then slipped and broke through the 2-year low on Friday thanks to both the cloudy scenario of the Greenback and the bright prospect of the Loonie. The US – Canadian Dollar finished up the week dropping by 0.68%, trading at 1.23934.
AUD/USD continued to consolidate during the week because the Australian Dollar was being stuck amid RBA Governor Philip Lowe’s dovish tone hinting a weaker Aussie in near-term and Australia‘s recent positive economic releases which are painting a bullish picture for AUD. At the end of last week, the currency pair was slightly up by 0.4%, closing at 0.79649.
The Kiwi – Greenback fell well in last three days of the previous week due to Reserve Bank of New Zealand Governor Wheeler’s dovish speaking that a lower exchange rate would be helpful. NZD/USD lost around 1.17% over the course of the week to finish at 0.71519.