Last week, the financial markets responded well to the lower-than-expected July CPI (Consumer Price Index) and PPI (Producer Price Index) results. What followed seemed to be a wave of gains. Here are the main highlights:
Forex: The euro rose on the back of a declining US dollar.
Commodities: Gold celebrated its 4th successive week of gains.
Cryptocurrencies: Many leading cryptocurrencies saw double-digit gains.
US stocks market: Nasdaq officially entered the bull market.