The month of October is done and dusted.and the strongest and weakest currencies (and global stock indices) can be now be determined and ranked.
Currency changes vs. the USD
The Monthly changes of the USD against the major currency pairs.
The USD rose against all the major currencies with the exception of the AUD. The greenback was strongest against the JPY (thanks to the surge higher today). The USDJPY increased by 2.45% for the month. The dollar was the weakest against the AUD. For the month, the USD lost a small 0.62% against the AUD. Overall, the changes from last month’s close to this month’s close was minimal as the currency consolidated after the trend move higher in September. I would characterize the month as non-trending. Does November bring back more of a trend?
How did the other currency pairs do against each other?
If you add up the % changes for the major currencies against each other, the strongest currency for the month was the AUD. The AUD was higher against all it’s counterparties, rising the most against the JPY (again, thanks to today). The AUDJPY rose by 3.06% for the month and this was the biggest % change for any major pair.
The strongest and weakest currencies in trading this month.
The weakest currency was of course the JPY. The JPY fell against all the major counterparties thanks to the surprise stimulation done today. Apart from losing 3.06% against the AUD and 2.45% against the USD, the currency lost 2.27% against the NZD and 1.83% against the CAD.
The Stock Indices.
For the month, the stock indices had an up and down month. Overall, however, the US indices moved higher , European indices moved lower and the Asian indices along with the Australian market rose.
The largest % gain was in Australia where the ASX 200 rose by 4.42%. The US Nasdaq increased by 3.06%. The biggest decliner was the France CAC index which fell by 4.15%. The Euro Stoxx index shed 3.49% for the month.
Global stock indices were mixed.
