Trade Balance – Switzerland

Pound domination and yen weakness were the main themes this week. So, what drove forex price action? And what about the other currencies? How did they fare this week?

The pound had a weak start but it fired its booster rockets and surged across the board, thanks to the BOE’s hawkish surprise. Italy-related worries, meanwhile, apparently gave the euro a good whipping.

The yen’s domination against its peers is still unchallenged since the yen only extended its gains during the session. As for other currencies of note, we have the Kiwi, which got swamped by sellers, and the Swissy, which had a good showing despite the SNB.

The month will soon end and most of the major central banks have already had their say, so I thought that now would be a good time to have a little central bank roundup.