💵🔻Dollar Posts Second Consecutive Weekly Loss: Cable FX Macro
- Rosbel Durán
- May 26, 2024
- 1 min read
Our measure of the dollar posted a consecutive weekly decline, giving up 0.3%. We had seen gains into the FOMC minutes extend before a couple of daily losses in choppy trading
Over the course of this running year, dollar performance has been skewed towards weekly gains with occasional losses which tend to be larger in % terms. The biggest 5-day loss is recorded in July at -4.3%, this compares to the top week at 2.0% (Search carry trades)
Mixed trading saw scandies outperform the G10, the NOK gained 0.9% to the dollar. GBP posted gains of 0.3% on the week. The Australian dollar bottomed the group at -1.0%, the Japanese yen and the franc followed
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