Major currencies’ performance in September

  • by Ahmed Mamdouh
  • October 2, 2018, 11:56 AM
  • 1215 Views
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By taking a look at the major currencies’ performance versus the U.S. dollar in September, we can find that only the Japanese yen and the Swiss franc were not able to lock a gain.

The dollar index failed to advance last month, where it reported a 1.82 percent drop, noting that it recovered some of the losses after the Fed’s rate hike decision.

The Canadian dollar saw a 1.2 percent soar, as it probably got some support from the rise in crude prices to the highest level in four years.

The British pound rose more than the euro versus the greenback given the rising hopes that Britain would reach a Brexit agreement with the EU.

Classic safe havens yen and franc slipped 2.33 percent and 1.25 percent respectively, which meant they both failed to take advantage of the escalating trade woes between the U.S. and China.

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