 Dollar's selloff caught much attention last week, but slowed towards the end. Traders are holding their bets for now, awaiting the coming batch of July data. Indeed, Australian Dollar was the worst performer, mainly on RBA QE expectations, and partly on risk aversion in China and Hong Kong. New Zealand Dollar was the second worst, followed by the greenback. Sterling was in the leading post much of the week on improving delta variant infection numbers. Though, Swiss Franc secured the top spot with a late dash. Euro was also firm, indicating that European majors are having an upper hand for now. Yen and Canadian Dollar ended mixed only. We'd argue that there is prospect of more Dollar weakness ahead as the near term trend is reversing, even though not confirmed. But Aussie would be a currency to avoid in case of more Dollar decline. Swiss Franc is more likely a better option than not, considering it's relative strength against Euro and Sterling. | 
