Blissful New Yr

It was a vigorous yr within the FX market with the yen occurring a very wild experience however finally it was the Swiss franc that got here out on prime as USD/CHF fell almost 9%.

On the different finish of the spectrum was the Japanese yen because it was the G10 laggard for the third straight yr, falling 7.6% in spike of an enormous rally over the previous six week.s

Proper within the center was AUD/USD, which began the yr at 0.6813 and completed the yr at 0.6810. That is an entire three pips for the affected person shorts 🙂

We hope you had a more-profitable yr than that however total I am struck by the small measurement of a lot of the strikes and the comparatively slim ranges. EUR/USD traded this yr solely between 1.0447 and 1.1275, which is much narrower than the same old 15-20-cent vary.

Increasing past the G10 group, the Russian ruble had one other dismal yr whereas the Mexican peso gained an admirable 13%, in its finest efficiency in additional than 30 years.

The FX winners and losers of 2023