Here are the closing levels for 2021. The loonie’s late charge put it back into the lead. It was the lone G10 currency to better the US dollar. On the other side of the FX universe was the Turkish lira with a 42% drop.

We’ve had a great year here despite some growing pains and want to tha

The Canadian dollar is ripping higher today and is by-far the best performing G10 currency. The move has knocked USD/CAD 110 pips lower to 1.2633.
I strongly suspect this is a flow-driven move in a thin market — someone needed Canadian dollars ASAP. That’s especially evident with oil down 1.2% toda

NZDUSD on the weekly chart

The NZDUSD stepped lower in 2021 in choppy up and down trading. The moves to the downside came despite rate hikes by the Reserve Bank of New Zealand toward the later half of the year. The expectations are the central bank will look to continue that trend in

At this point, the evidence is overwhelming that omicron is much less severe than delta. Pile on vaccinations, booster shots and prior infection and it’s clear the market figured this out quickly.I’m closely watching for a potential omicron outbreak in China. Officials in Hong Kong today confirmed t

The ongoing rebound from the corona-lows was an impressive one in Europe as markets close for the year. There were slight declines today but the overall returns were impressive.

French CAC 40 +29%
UK FTSE 100 +14%
Spain IBEX +8%
Stoxx 600 +22.5%

That will be tough to top in 2022 b