The highlight - if it can be referred to as such - of the dollar's week was the minutes of the June Federal Open Market Committee meeting which came out on Wednesday evening. They revealed that even before Britain's unexpected referendum result the FOMC was losing the will to take US interest rates higher. 

Now that the UK has voted to leave the EU the committee will be even less inclined to tighten monetary policy: it will need stronger US employment and wages data to encourage it in that direction. The news came as no great surprise and overall the dollar was unchanged on the week against the euro.

Sterling's continued decline raised few eyebrows. The Brexit vote continued to weigh on the pound, which was the weakest performer, by far, among the major currencies. It lost nearly four cents to the dollar, leaving it 12.5% lower than its level on Referendum Eve.