Though major currencies USD, EUR, and GBP moved mostly sideways in the last week, Japanese yen gave up significant ground against the three majors. JPY depreciates as fear around banks dissipates and interest rate projections in the US, UK, and Eurozone pick up once again. One bright spot came from Canada with the CAD able to bounce back against USD and others.
Performance of individual currencies USD, EUR, JPY, GBP, CHF, CAD, and AUD in all their pair combinations against each other is measured and weighted equally when deriving the week-over-week net change found below; currencies are then ranked on their overall percentage net change.
Trend followers might trade in the direction of recent strength or weakness, while contrarians could trade against the trend, For example, trend followers tend to buy the strongest currency, and contrarians tend to sell it.
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2023-03-30 21:30:21Z
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