Quick Currency Conversion
Some weeks are packed full of results that don’t see much in the way of good or bad results. However this week would turn out to be a struggle for the US dollar as it tried its best to tread water throughout the week.
Some weeks are frustrating – resulting in a series of good and bad results, depending on which way you look at things. This week produced some results that had us feeling encouraged one minute and frustrated the next. Clearly the US dollar was in for a rough ride this week.
Some weeks are certainly more dramatic than others when it comes to the currency markets. This week didn’t look like it was going to be one of them, but where would that leave the US dollar?
You’d expect ups and downs as part of the ebb and flow of the currency markets. But it’s interesting to see how and why these ups and downs happen, and to notice they occur against quite different currencies at the same time too.
Some weeks are invariably more challenging than others when different currencies vie to get the better of each other on the currency markets. If you want to find out what happened between some of the biggest currencies on the markets last week, keep reading.
This would be a week of mixed fortunes for the US dollar. Small raises here, small losses there – but which way would things swing to close out the week, and would it result in a good finish or a bad one?