Weekly FX roundup: Greenback sees bullish run

The USD continued to be the best performing currency last week on continued deterioration of risk sentiment. The markets experienced large sell-offs across the board, with the Dollar Index trading at its highest point since August 2009 at 79.462. Commodity markets were also weaker with gold giving up 1.13% closing at 1081.07, and crude closing at $2 per barrel lower. The Dow closed just above 10067 ending another week of losses in the US equity markets. The USD closed the week on the back of a very bullish US GDP, which showed a fourth quarter expansion of 5.7%.