The USD is modestly lower
For the week, the AUD is ending as the strongest of the major currencies, while the GBP is the run away weakest. Nearly a 1/3 of the gains for the AUD was against the GBP (+3.02%). The currency also moved 1.51% vs the EUR and 1.47% vs the USD.
The GBPU had declines ranging from -1.53% to -3.02% vs the major currencies.
In contrast, the USD is ending marginally changed vs all but the GBP and the AUD (the USD rose 1.59% vs the GBP and fell -1.47% vs the AUD). In fact, the current snap shot shows the dollar moved from 0.04% to 0.33% vs the major currencies. That is not a big change for the trading week.
Safe to say, the USD consolidated the recent declines this week.
This article was originally published by Forexlive.com. Read the original article here.