Currency ETFs Show Mixed Directions as Egypt's Influence Fades
02/11/2011 0 comments
MyPlanIQ uses ETFs to track key market data. This article reports on key currency ETFs.
|
Description |
Symbol |
1 Week |
4 Weeks |
13 Weeks |
26 Weeks |
52 Weeks |
Trend Score |
|
G10 Carry Trade |
0.54% |
1.22% |
0.46% |
5.81% |
5.16% |
2.64% |
|
|
US Dollar Bearish |
-0.61% |
3.07% |
0.58% |
6.41% |
2.72% |
2.43% |
|
|
Australia Dollar |
0.41% |
1.95% |
0.85% |
13.98% |
17.72% |
6.98% |
|
|
British Pound |
-0.54% |
2.11% |
-0.13% |
2.56% |
3.06% |
1.41% |
|
|
Canadian Dollar |
-0.58% |
-0.72% |
0.62% |
5.16% |
6.76% |
2.25% |
|
|
Euro |
-0.55% |
4.6% |
-0.33% |
6.53% |
-0.19% |
2.01% |
|
|
Swiss Franc |
-1.83% |
0.91% |
1.35% |
10.3% |
11.15% |
4.38% |
|
|
Swedish Krona |
-0.32% |
5.17% |
4.76% |
14.44% |
13.63% |
7.54% |
|
|
Japanese Yen |
-1.01% |
0.71% |
-0.18% |
3.44% |
8.82% |
2.35% |
|
|
Mexican Peso |
-0.02% |
0.42% |
1.49% |
6.63% |
9.68% |
3.64% |
|
|
Chinese Yuan |
0.12% |
-0.2% |
-0.51% |
1.68% |
0.51% |
0.32% |
|
|
Brazilian Real |
0.83% |
1.44% |
-6.71% |
-1.72% |
7.02% |
0.17% |
|
Assets Class |
Symbols |
02/09 |
02/02 |
Direction |
|
Swedish Krona |
FXS |
7.54% |
6.88% |
^ |
|
Australia Dollar |
FXA |
6.98% |
6.14% |
^ |
|
Swiss Franc |
FXF |
4.38% |
6.02% |
v |
|
Mexican Peso |
FXM |
3.64% |
3.25% |
^ |
|
G10 Carry Trade |
DBV |
2.64% |
1.4% |
^ |
|
US Dollar Bearish |
UDN |
2.43% |
2.52% |
v |
|
Japanese Yen |
FXY |
2.35% |
3.83% |
v |
|
Canadian Dollar |
FXC |
2.25% |
2.75% |
v |
|
Euro |
FXE |
2.01% |
1.53% |
^ |
|
British Pound |
FXB |
1.41% |
2.0% |
v |
|
Chinese Yuan |
CYB |
0.32% |
0.27% |
^ |
|
Brazilian Real |
BZF |
0.17% |
-0.96% |
^ |
The trend score is defined as the average of 1,4,13,26 and 52 week total returns (including dividend reinvested).
The Swedish Krona dropped a little this week as risk aversion abated. It is still looking a strong with the government willing to let the currency increase in value as they don't believe this will hurt the economy.
The Aussie Dollar was slightly down for the week with its relative safety battled with some poor employment data raising concerns that the recovery is not as strong as first thought leading to the worry that the currency is over valued.
Similarly the Swiss Franc is a natural haven in times of stress but unexpectedly bad Consumer Price index numbers knocked it back
The Real jumped this week as the government stepped in to reduce spending to try and cool growth. The fundamental strength will drive the currency up once the underlying mechanics have been addressed and this is one key step.
There was not much news on the Yuan which drifts higher being away from north Africa but still beset with trade imbalance and currency value concerns.
The British pound is under pressure from high debt and shrinking GDP which will be a drag for a while to come.
Disclosure:
MyPlanIQ does not have any business relationship with the company or companies providing the ETFs mentioned in this article.
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