The US dollar had one of its worst weeks in a few months. Although there has been some talk about the historical pattern of weakness after the first Fed hike in a cycle, many participants were surprised. The dollar struggled in the last couple of weeks of 2021, but this seemed to be explained by year-end position squaring amid light interest. Broad measures of US and European equities sold off last week. The pre-weekend recover in the S&P 500 and NASDAQ could help lift offshore markets on Monday, but investors may be hesitant with the US on holiday. The Asia Pacific region fared best. The 2.4% gain of the MSCI Asia ... (full story)