Flash: Resource exporting currencies, NZD, AUD, CAD, NOK – BMO

FXstreet.com (Barcelona) – Stephen Gallo, Head of European Currency Strategy at BMO suggests that the resource exporting currencies of the G10 have one common feature.

Key Quotes:

“As we’ve written before, the advent of QE tapering and its corresponding flows have allowed a range of currencies to be re-priced on the basis of fundamentals, and there appears to be two adjustments taking place at present: one in the developing world and another, less distressful one, within the G10 space; even the NZD is starting to underperform on a relative value basis a bit, thanks to Wheeler’s recent “macro-pru” intervention”.

“Within G10, the …read more