The Euro finished mixed across the board. Next Thursday the ECB will decide on monetary policy. According to the Danske Bank, the ECB Governing Council meeting looks set to be unusually interesting: “We will find out if the ECB plans to continue with full allotments in its market operations”.
USD/CHF fell sharply and posted the lowest weekly close on history while GBP/USD failed to hold to gains and finished the week lower, around 1.6100, on retreat after hitting at 1.6271 on Wednesday, the highest price in 20 days. The Swiss Franc and the Yen were the best performers during the week.
Among commodity currencies, the worst performer was the Kiwi that sank across the board affected by an earthquake that shook New Zealand on Tuesday. AUD/NZD rose to 1.3547, hitting the highest price in 10 years.