Euro ended the week broadly higher, with help from ECB's historical rate hike. Yet, it was outshone by Swiss Franc, which was the biggest winner after SNB reiterated the stance of welcoming Franc's appreciation. Canadian Dollar followed as the third, also after another massive hike by BoC. On the other hand, Yen was the worst performer. There was some support from jawboning of Japanese officials. But there is little chance of a rebound considering policy divergence with other major central banks. New Zealand Dollar and US Dollar were the next. The greenback has started reversing some recent gains and risk sentiment improved. |