Completely satisfied New Yr
It was a full of life 12 months within the FX market with the yen occurring a very wild journey however in the end it was the Swiss franc that got here out on high as USD/CHF fell almost 9%.
On the different finish of the spectrum was the Japanese yen because it was the G10 laggard for the third straight 12 months, falling 7.6% in spike of an enormous rally over the previous six week.s
Proper within the center was AUD/USD, which began the 12 months at 0.6813 and completed the 12 months at 0.6810. That is an entire three pips for the affected person shorts 🙂
We hope you had a more-profitable 12 months than that however total I am struck by the small dimension of a lot of the strikes and the comparatively slender ranges. EUR/USD traded this 12 months completely between 1.0447 and 1.1275, which is much narrower than the standard 15-20-cent vary.
Increasing past the G10 group, the Russian ruble had one other dismal 12 months whereas the Mexican peso gained an admirable 13%, in its finest efficiency in additional than 30 years.
The FX winners and losers of 2023
