Weekly Update 20 June 2025

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%.