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.
(Market News Provided by FXstreet)