Arguably, the Australian dollar had an unlucky week, the British pound had a lucky one and the US dollar got what was coming to it. The net result for the Aussie was a half-cent loss to the US dollar and a three-and-a-quarter-cent deficit to sterling. On balance the Australian ecostats were positive. Disappointing motor vehicle sales - a crude barometer of consumer confidence - were offset by better-than expected jobs data, with unemployment falling to 5.7%.
There were no wobbly US data to hurt the Greenback but it was held back by uncertainty about the outlook for US interest rates. Investors were looking for evidence that the Federal Reserve would deliver its second rate increase before year-end and they were not finding it. Sterling began the week weighed down by negative sentiment and ended it on a high note after retail sales for July - and therefore post-referendum - came in much stronger than expected.