Currency Market View – December 2018

“Although it was not always obviously the case, the overall drift in December was away from the “risky” commodity-related currencies and into the safe-havens. The Japanese yen was the overall winner, with the euro and Swiss franc sharing second, while the Canadian and Australian dollars brought up the rear. Sterling was in the middle of the major currency pack, down by 2.0% against the euro and 0.7% lower against the US dollar.”