Intraday Market Thoughts

Archived IMT (2009.03.17)

by Ashraf Laidi
Mar 17, 2009 17:34

The Norwegian Krone is the highest performing currency year-to-date (amid 11 top-traded currencies), followed by the US dollar and the British pound. The Swiss franc is the worst performing currency, followed by the New Zealand dollar and the Japanese yen. Readers of my book will note that Chapter 8 titled "Commodities Super Cycles and Currencies" highlighted the Norwegian Krone's outperformance relative to other energy currencies (Canadian dollar, Russian ruble & Mexican peso) during the following periods: Jan 2000-May 2008, Jan 2002-May 2008 and Jan 2007-May 2008.


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