National currencies moved higher, but all other asset classes were mixed. The largest gains were in coffee and crude oil, which rose 8.4% and 5.0% respectively. The largest losses were in silver, which fell 4.4%, and gold stocks, which declined 3.7%.
The Chinese Yuan (up 3.8%) was the strongest national currency, followed by the US Dollar, which gained 3.0%. The Euro was weakest, adding 1.7%. Short term bonds tracked USD cash, rising 3.0%, but long term bonds fell 0.9%.
The moves in cryptocurrencies were relatively mild. Bitcoin declined 2.0%, and Ethereum rose 3.2%.
Major stock indexes all advanced, except for the HUI gold stocks, which retreated 3.7%, the second largest drop of any asset in the table. The Japanese Nikkei and the Dow Jones Industrials were the equity winners, gaining 4.5% and 4.3% respectively.
Silver plunged 4.4%, the week's largest loss. Platinum also retreated, falling 2.1%. But the week's number one and two gains were also in commodities, as coffee surged 8.4% and crude oil climbed 5.0% to close at 1.22 grams per barrel.
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