Sterling surprisingly ended as the best performer last week, as it staged an impressive U-turn after initial selloff. BoE's intervention should have saved the Pound for now. The development also helped Euro rebound while Dollar trailed behind as third. Rally in Dollar looked a bit exhausted as it failed to ride on intensifying risk-off sentiment. On the other hand, commodity currencies tumbled broadly, following worsening investor sentiment. New Zealand Dollar led the way but Australian and Canadian Dollar were not too far behind. Yen was mixed as the impact of Japan's currency intervention faded. |