In the Currency Strength table, the JPY was the strongest currency while the CAD was the weakest. There were some significant changes last month with the JPY gaining 6 points while the CAD lost 3 points.
On a month-to-month basis the GBP and EUR showed a very good performance and to a lesser extent the JPY and CHF. The USD showed a very weak performance and to a lesser extent the AUD, NZD and CAD.
When looking at the development at the end of last month, the JPY and CHF showed a very strong performance and to a lesser extent the EUR and GBP gained some strength too. On the other hand, the AUD and CAD kept performing very weak and to a lesser extent the USD lost some strength too.
Although some good performing currencies may have lost points they remain interesting when looking at all the currencies in the table as a whole. Same for the weak currencies that may have gained points. That is why the Classification of currencies and the Currency Score comparison are important also. We will look at this in more detail.
12 Months Currency Score Strength
The 12 Months Currency Strength and the 12 Months Average are provided here below. For more information check the page Explanation Articles on my blog.
Average 12 M. Score
When looking at the Average 12 M. Score we can see the currencies grouped together according to their classification.
There may be some doubt and in that case it could be a currency that will change its classification in the coming months. Such currencies are the USD, GBP and NZD, these changed classification last month.
