enzh-CNfrhiidjakomsesth
CADCHF
0.7664
+0.96%
USDCAD
1.2581
-0.79%
AUDCHF
0.7647
+0.74%
GBPCAD
1.6196
-0.73%
NZDCHF
0.7052
+0.58%
AUDUSD
0.7926
+0.55%

Risk aversion was again the main theme in the financial markets last week. But this time, commodity currencies ended as the strongest ones. Sterling was hardest hit as disappointing inflation reading further killed the chance of an early BoE hike. Euro followed on report that ECB President Draghi won't address monetary policy in the upcoming Jackson Hole symposium this week. Also, the common currency was pressured as ECB minutes showed worries on Euro overshooting its strength. Dollar suffered much on the political turmoil in the White House but it ended slightly higher against most except Canadian Dollar and Australian Dollar. Meanwhile Yen and Swiss Franc failed to capitalize on risk aversion and ended the week mixed.