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Yen is a Chosen One

As we round out the year there are only a few currencies that investors are gravitating towards, and one of them is the yen. The Aussie seems to have become afflicted by its strong association with China and her ‘softer’ data. The EUR is a story onto itself, a currency few are willing to handle. The Swiss has a central bank, the SNB, which investors believe they have successfully fine tuned the second guessing of both Hildebrand’s fiscal and monetary policies. The truth, even the SNB seems to be afraid of its own shadow. A “ceiling to be or not to be” is hurting the short Swiss positions at the moment. The SNB and BoJ have a tough battle ahead. Both Central banks have tried to think outside the box on how to dissuade investors from hoarding their respective currencies during times of economic stress.

Below are some other highlights of the week:


ASIA

 

AMERICAS Week in FX [1]

EUROPE Week in FX [2]

 

WEEK AHEAD

  • Business confidence reports come to us from NZD and GER
  • Monetary Policy minutes are released in GBP, AUD and JPY
  • Inflation is recorded in GBP and CAD
  • GBP and NZD show us their Current Accounts
  • Building permits and Home sales are delivered in the USD
  • GDP comes to us from CAD and NZD
  • CAD announces its core-retail Sales while the US delivers Durables

 

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Dean Popplewell

Dean Popplewell [7]

Vice-President of Market Analysis at MarketPulse [8]
Dean Popplewell has nearly two decades of experience trading currencies and fixed income instruments. He has a deep understanding of market fundamentals and the impact of global events on capital markets. He is respected among professional traders for his skilled analysis and career history as global head of trading for firms such as Scotia Capital and BMO Nesbitt Burns. Since joining OANDA in 2006, Dean has played an instrumental role in driving awareness of the forex market as an emerging asset class for retail investors, as well as providing expert counsel to a number of internal teams on how to best serve clients and industry stakeholders.
Dean Popplewell
Dean Popplewell

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