The expectations of a smaller Fed hike in December was affirmed by FOMC minutes last week. Dollar ended as the worst performer, following mild risk-on sentiment. Canadian Dollar was the second worst as dragged down by falling oil prices. Meanwhile, Euro was the third weakest suffering some selloff against Sterling. Talking about the Pound, it's the best performer last week. Kiwi was second, supported by RBNZ's jumbo 75bps rate hike, followed by Aussie. The latter twos' rally was somewhat capped by uncertainties over social unrest in China. |