Once again, commodities were mixed, but all other asset classes were in the red. The week's best performers (and only gainers) were silver, up 0.3%, and coffee, up 0.2%. The largest losses were in Bitcoin, down 11.5%, the Chinese Yuan down 9.5%, and the CCi30 crypto index, down 9.3%. The US Dollar hit a new all-time low of 7.3 mg on Thursday, then bounced to end the week down 5.9%. All other major currencies also made new all-time lows, with the CNY hit especially hard.
Many commodities made new all-time-lows, including copper, natural gas, coffee, and gasoline. Many securities, including long and short term treasury bonds, the UK FTSE 100, the Canadian TSX Composite Index, and the Australian ASX 200 index also hit new 30 year lows.
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