Currencies were all lower this week, but bonds, stocks, and commodities were mixed. Copper was the best performing asset, rising 4.7%. The largest losses were in Bitcoin, which fell 3.5%, giving back almost half of the prior week's gains.
The Euro led the drop in government-issued currencies, falling 2.1%. The US Dollar fell least, losing 1.1%. Bonds were mixed; the short term SHY was down 1.0%, while the long term TLT was 0.4% higher. Both outperformed USD cash.
Major stock indexes were mostly lower, with only the Nikkei 225 rising. After the prior week's 3.5% drop, the Nikkei managed a 0.8% gain this week. Stocks in Europe were the weakest, with the Euro STOXX falling 2.3%. In the US, the Dow fell 0.1% and the S&P 500 lost 0.3%. Gold stocks continued their rise, with the HUI gaining 2.1% to close at 5.54 grams.
Commodities were mixed, with copper and palladium up 4.7% and 3.4% respectively, while cotton and coffee fell 1.5% and 1.4%.