It's a week of drama. In the UK, Liz Truss became the shortest-serving Prime Minister as political chaos continued, and the race for the next PM started immediately. In the US, stocks surged on Friday on talks that Fed could start slowing its rate hikes in December. Meanwhile, in Japan, the government waited patiently until a golden opportunity came to all-in intervene. The net results are, Dollar ended as the worst performer, but Yen was somewhat a close second. The fact that Swiss Franc was the third weakest indicates clearly an improvement in sentiment. New Zealand Dollar was the strongest one, followed by Aussie and Loonie. Meanwhile, Euro and Sterling were just mixed, with Euro a touch better. |
