The leading currencies this week were the South African rand, the Norwegian krone, and Swiss franc. |
The Latin American currencies generally outperformed their global counterparts. |
We are very positive because now the Asian currencies will be cheaper in value to renminbi. |
All four of those countries, unlike other major economies are expected to avoid debasing their currencies by moving towards quantitative easing. |
The government has yet to announce foreign currencies the yuan is linked to. |
These include equities, bonds, currencies and more complex derivative products such as futures and option products. |