After landing the wooden spoon the previous week the Aussie got back on its horse to lead the field, alongside the Canadian dollar. Investors were more receptive to risk, perhaps because of the string of upbeat consumer confidence readings that trailed across their screens. Prices for commodities and energy moved higher and, with them, the currencies of commodity- and energy-exporters. The Australian dollar strengthened by a quarter of a US cent and went up by half a cent against sterling. Other than new home sales, which enjoyed a sluggish 0.2% rise in February, there were no important Australian ecostats.

The British pound and the US dollar both got lucky, sharing second place for the week. The Greenback recovered quickly from the defeat of Donald Trump's healthcare bill in Congress and the pound unexpectedly led the other major currencies on the day Theresa May sent Britain's divorce letter to the EU.