3 Jul 2015
Dollar ends week higher against commodity and LatAm currencies
FXStreet (Córdoba) - Despite falling on Thursday after the jobs report, the US dollar ended the week higher against commodity and also versus Latin American currencies. Risk aversion, a decline in stocks and in commodities weighed on the mentioned currencies.
CAD, AUD and NZD
The kiwi continued to slide and printed fresh multi-year lows practically every day as expectations about a rate cut by the Reserve Bank of New Zealand increase amid weak economic data. NZD/USD ended the week below 0.67, also affected by a decline in dairy prices.
The loonie suffered from Canadian data and the decline in crude oil prices; it had the worst weekly performance against the US dollar since March. The aussie broke key support level and also weakened. AUD/USD dropped below 0.76 and posted the lowest weekly close in 6 years.
LatAm also affected
No Latin-American currency managed to rise against the US dollar. The worst performer was the Colombia peso that lost 2%. The Mexican peso fell 1.20% as USD/MXN hit new record highs above 15.80. The Chilean peso and the Brazilian real were the best performers falling modestly against the US dollar.
CAD, AUD and NZD
The kiwi continued to slide and printed fresh multi-year lows practically every day as expectations about a rate cut by the Reserve Bank of New Zealand increase amid weak economic data. NZD/USD ended the week below 0.67, also affected by a decline in dairy prices.
The loonie suffered from Canadian data and the decline in crude oil prices; it had the worst weekly performance against the US dollar since March. The aussie broke key support level and also weakened. AUD/USD dropped below 0.76 and posted the lowest weekly close in 6 years.
LatAm also affected
No Latin-American currency managed to rise against the US dollar. The worst performer was the Colombia peso that lost 2%. The Mexican peso fell 1.20% as USD/MXN hit new record highs above 15.80. The Chilean peso and the Brazilian real were the best performers falling modestly against the US dollar.