The Swiss franc lagged badly last week
The weekly moves across most of the forex market last week were modest. The pound was the top performer as it narrowly beat out the commodity bloc.
What really stands out is the drop in the Swiss franc.
It's been a long time coming for this Swiss franc move. We get sight deposit numbers in the week ahead and that will offer some clues about who is behind the move.
I think it's probably real money flows. There is real optimism out there about global growth and a recovery in the eurozone.
