The trend towards higher rates and a higher US dollar did not abate last week. However, unambiguously positive inflation data out of the US and the Eurozone did partially reverse the moves on Friday and gave hope that we are near the top in rates and the bottom in European currencies. Commodities also reversed their rally sharply on Friday, and this year’s winners, the Brazilian real and the Colombian peso, ended the week near the bottom of the rankings. Read more via the report below.
