Weekly Update 17 Jan 2025

National currencies fell, cryptocurrencies rose, and stocks, bonds and commodities were mixed. The worst losses were in platinum, down 3.2%, and the Nikkei 225 index, down 2.0%, followed by the Canadian Dollar, down 1.2%. The largest gains were in the CCi30 crypto index, up 12.0%, and Bitcoin, up 8.8%.

US Dollar cash, down 1.0%, underperformed short term notes, which declined 0.7%, and long term bonds, which rose 1.0%. The strongest national currency was the Yen, which fell just 0.1%.

Outside of crypto, the largest gains were in stocks, as the Dow Industrials rose 2.6%, and the Euro STOXX50 gained 2.5%, followed by the S&P 500 index, up 1.9%.

Platinum and cotton made new all-time lows this week. Cotton hit 7.6 mg/lb on Thursday, but bounced to finish the week at 7.7 mg/lb, down 0.2%. Platinum ended the week at a new low of 10.8 g/oz, down 3.2%. The best performing commodity was crude oil, up 0.7%.


Click for PDF version

Filed under monetary universe by  #