Major FX Currencies Performance the Previous Week Against the Dollar - 24.9.2012
The best performing counterparty of the US dollar the previous week was the precious metal as the Bank of Japan followed other major central banks, expanding its stimulus by ¥10 trillion buoying the value of the inflation hedge instrument. Japanese Yen followed with 0.31% profits, and next winner against the greenback was the British pound rising slightly by 0.12% on increased risk appetite.
Furthermore, the Loonie retreated from more than a year strongest levels losing 0.57% against the US dollar. The greenback against the Swiss franc bounced up from almost 6-months lows to 0.9373 creating losses of 0.63% for the Swissy, followed by the Aussie which depreciated by 0.97% against the greenback as the RBA appeared ready to cut Interest Rates. Finally the Euro lost by 1.15% falling from new highs at 1.3170 two weeks ago to close at 1.2983 on Friday.