Market Review

The US dollar (USD) ended the week little changed against the euro (EUR). Carry trade activities continued to dominate the FX market. As a result, USD strengthened modestly against low-yielding currencies (the yen and Swiss franc), and weakened against high-yielding currencies (Australian and New Zealand dollars). Most US economic data, recently released, were positive, and the US non-farm payrolls report released on last Friday was much better than market expectations.(HSBC Foreign Exchange) Read More