National currencies, cryptocurrencies, and bonds fell; stocks and commodities were mixed. The worst losses were in crude oil, down 4.1%, and cotton, down 3.8%, followed by Bitcoin and the CCI30, down 3.6% each. The largest gains were in coffee, up 7.4%, and platinum, up 1.3%, followed by silver, up 1.2%.
The strongest national currency was the Yen, which declined 0.6%. (Note that the Chinese Yuan, shown in green, only traded for one day this week, before the Shanghai Gold Exchange closed for Lunar New Year.) The Euro was the weakest currency, falling 2.1%. The US Dollar was down 1.3% to a new all-time low of 11.1 mg. USD cash was outperformed by treasury notes, down 1.1%, and treasury bonds, off 0.6%.
The only rising equities were the gold stocks, which gained 1.0%. The S&P 500 fared the worst, falling 2.2%, followed by the Nikkei 225, which closed down 1.5%.
Platinum and cotton made new all-time lows again this week. Cotton fell 3.8% to close at 7.3 mg/lb. Platinum hit a new all-time low on Tuesday, but rallied to finish the week up 1.3%. Silver added 1.2% to close at 350 mg/oz.
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