💱G10FX Weekly % Performance: Dollar Closed Off Lows After DMA Test

• G10 peers outperformed the dollar this week, the group was led by the British pound, closely followed by skandies. The GBP closed higher 2.7% to the yen and 2.8% to the dollar, it almost matches its best week on the year

• The dollar fell by 0.8%, this was the second consecutive week of losses in the BBDXY. The index trades off weekly lows after testing its 50-daily moving average

• The week ended with an extension of gains seen in risk assets, however, high-beta FX posted mixed performances. Skandies recorded gains above 2.0%, while the Canadian dollar was up only by 0.3%, the Aussie up by 0.5%