In the Currency Strength table, the CHF was the strongest currency while the USD was the weakest. There were some significant changes last week with the CHF gaining 5 points while the EUR and GBP lost 2 points.
On a week-to-week basis, the CHF and AUD showed a very good performance and to a lesser extent the GBP and NZD.
The USD and CAD showed a very weak performance and to a lesser extent the EUR and JPY.
When looking at the development at the end of last week, the CHF and GBP performed very well and to a lesser extent the AUD. On the other hand, the USD and CAD kept performing weak and to a lesser extent the NZD.
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.
13 Weeks Currency Score Strength
The 13 Weeks Currency Strength and the 13 Weeks Average are provided here below. For more information check the page Explanation Articles on my blog.
Average 13 wks. Score
When looking at the Average 13 wks. 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 weeks. Such currencies are the USD and CAD, these changed classification last week.
Classification review
This week we take a look at the Strong currencies.
