Silver

NZD and AUD bashing were major themes this week. But did you also know that CHF strength was also a major theme as well?

Gold prices jumped to their highest in nearly a year on Monday as escalating tensions between North Korea and the United States and a weaker dollar persuaded investors to take refuge in assets perceived to be safe.

The majors seem to have reached for that extra cup of coffee during the New York trading session as price action was a little more jumpy than usual.

EUR & GBP were both down and out for the count during the session. And while the risk-off vibes gave JPY and CHF a boost, the two safe-haven currencies weren’t the top dogs since both lost out to the higher-yielding NZD.

A bit of risk-taking returned during the New York trading session, allowing the Canadian dollar to hold on to its gains and forcing the yen to fall back.