Top Currencies Up Again; Weaker Currencies Falter
12/25/2010 0 comments
We track trends in multiple categories using ETFs.
This week currencies are a mixed bag. The top currencies continue to strengthen and the bottom currencies continue to weaken.
| Assets Class | Symbols | 12/22 Trend Score | 12/15 Trend Score | Direction |
|---|---|---|---|---|
| Australia Dollar | (FXA) | 8.2% | 6.79% | ^ |
| Swiss Franc | (FXF) | 6.92% | 6.27% | ^ |
| Swedish Krona | (FXS) | 4.04% | 4.66% | v |
| Japanese Yen | (FXY) | 3.71% | 2.9% | ^ |
| Mexican Peso | (FXM) | 2.91% | 1.35% | ^ |
| Canadian Dollar | (FXC) | 1.17% | 2.46% | v |
| G10 Carry Trade | (DBV) | 0.5% | 0.36% | ^ |
| US Dollar Bearish | (UDN) | 0.01% | 0.62% | v |
| Chinese Yuan | (CYB) | -0.43% | 0.71% | v |
| British Pound | (FXB) | -1.3% | -0.89% | v |
| Euro | (FXE) | -1.45% | -0.55% | v |
| Brazilian Real | (BZF) | -6.62% | 4.4% | v |
The Australian Dollar continues to benefit from China's economy and continued strength in the economy.
The Swiss Franc continues to be a European currency of refuge against the Euro.
Although the Swedish Krona dropped this week, it is still a preferred currency and remains in the top three.
click on charts to enlarge
The Brazilian Real has dropped precipitously and moved from the top half to the bottom of the table. The Real has been volatile and this is a reality with the emerging market currencies.
The Euro and British pound continue to be weighed down by their sovereign debt along with low interest rates.
The strong currencies continue to do well and the weaker ones continue to languish.
labels:investment,
Symbols:BZF,CYB,DBV,FXA,FXB,FXC,FXE,FXF,FXM,FXS,FXY,UDN,
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