💱G10FX Weekly % Performance: Sterling Posts Best Week Since March 2020
- Rosbel Durán
- Oct 1, 2022
- 1 min read
Mixed dollar performance as GBP, SEK, EUR outperformed while high beta FX bottomed the chart
USD/JPY posted a weekly gain of about 1.0%, the yen gave up ground vs the CHF too but gained to antipodes, NOK and CAD
The euro reversed losses and ended the week higher, up 1.2%, the EUR/USD posted a range of 0.985 to 0.954, the 14-week ATR tick at around 250p
The British pound closed the week higher 2.9%, it fell to a record low vs the dollar as the U.K. mini budget release spread into GBP risk premium. However, sterling reversed all losses and posted the best week since March 2020
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