USD: The Buck is, fundamentally, the strongest currency. However, the global outlook seems to be forcing the Fed to scale back on their original plan of hiking rates 4 times this year.

EUR:
The Euro is a weak currency, at the moment, with the ECB trying everything in its power to lower its exchange rate. The global turmoil, however, might keep the single currency rallying on safe-haven flows.

GBP:
The Pound is as bad as it seems, at least by comparison, with the BoE member constantly stating that their next move should be a hike. Brexit, however, seems to be a point of concern, dragging the Sterling to multi-year lows.

JPY:
Theoretically, the Yen should be one of the worst-performing currencies, given Japan’s situation. Nevertheless – and despite the BoJ’s efforts to depreciate the currency – massive rallies are still occurring on safe-haven flows, making the JPY one of the best-performing currencies of 2016.

CHF:
The franc needs to be weak against the EUR in order make the SNB happy. Therefore, any major changes coming from the ECB are likely to be matched by its Swiss peer.

Risk-off sentiment might make the CHF – like any other safe-haven currency – appreciate.

CAD:
The BoC is keeping the Loonie on hold, hoping that the depreciation seen in previous months boosts exports. However, the big players see the situation deteriorating in the near future.

At the moment the Canadian Dollar floats in accordance to Crude Oil.

AUD:
The Aussie is still a neutral currency, although some of the big banks also see this shifting to the downside in a near future.

Being a commodity-linked currency, the Australian Dollar floats according to risk appetite, as well as Chinese data.

NZD:
The Kiwi needs to depreciate, according to the RBNZ.

This commodity-linked currency also appreciates with risk-on sentiment and positive Chinese data. GDT is another factor to take into account.
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