Burundi Francs

It might have been a light and shortened trading week for us, but it sure wasn’t a snoozer thanks to these central banker and other policymaker speeches! Did you miss any of them?

The pound and the euro extended their losses during the morning London session. And despite attempts from UK Finance Minister Osborne to calm the markets, risk aversion prevailed, so the yen was in demand again.

Another round of pounding for the pound was the main theme this week, but we also got Swissy and yen weakness as secondary themes as well as demand for the comdolls. So, what drove forex price action this week?

The yen rose to its highest in two weeks and the Swiss franc hit a seven-week high against the U.S. dollar.