National currencies and bonds advanced and cryptocurrencies pulled back, while other asset classes were mixed, but mostly higher. The week's best performers were crude oil, up 4.7%, platinum, up 3.8%, and copper, up 2.5%. The largest losses were in coffee, down 6.9%, and Ethereum, down 4.8%. The US Dollar rose 2.0%, and Bitcoin closed off 0.7%.
The Chinese Yuan, up 2.2%, was the strongest national currency, followed by the US Dollar, up 2.0%. The Japanese Yen was the weakest national currency, rising 0.6%, followed by the Canadian Dollar, which added 1.3%. USD cash was outperformed by treasury securities (both short term and long term) which rose 2.2%.
Equity indexes, with the exception of gold stocks, all moved higher, led by the Nikkei 225, up 2.1%, and the Dow Jones Industrials, up 2.0%. Outside of gold stocks, which dropped 0.5%, Euro STOXX50 was weakest, rising 0.8%.
Once again, commodities saw the most violent price action, both positive and negative. Crude oil rose 4.7%, and platinum advanced 3.8%, while coffee fell 6.9% and cotton dropped 0.1% to a new all-time low. Silver closed the week up 2.1%.
Ethereum fell 4.8% and Bitcoin slid 0.7%, but some smaller cryptos made gains, including the privacy coin Monero (symbol XMR, not in table) which rose 1.8%.
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