Weekly Update 13 Sep 2024

National currencies and bonds moved lower and cryptos rose, while stocks and commodities were mixed. Bitcoin and the 30 crypto index had the largest gains, rising 9.4% and 9.1% respectively. Outside of crypto, gold stocks rose 9.0% and palladium advanced 8.1%. The largest losses were in national currencies, with the Canadian Dollar down 2.8%, The US Dollar down 2.7%, and the Euro down 2.6%. Bonds were also down; short term treasuries fell 2.5% and long term treasuries were off 1.8%.

Many national currencies closed at new all-time lows, including the US, Canadian, and Australian Dollars, the Euro, the Pound Sterling, and the Chinese Renminbi. Exceptions were the Japanese Yen and the Swiss Franc; they hit bottom earlier this year, but still sit close to their all-time lows.