15 Jan 2014
Flash: NZD, GBP to benefit the most in 2014 - JPM
FXstreet.com (Bali) - JP Morgan Securities shares its 2014 views on the FX market, noting the NZD and GBP look set to appreciate the most.
Key Quotes
"The biggest losers in 2014 should be currencies of G-10 countries where central banks are easing or could do (JPY, AUD, SEK, EUR); and emerging markets where external positions are poor and financing dependent on bond market inflows (IDR, MYR, BRL, CLP, TRY,ZAR)."
"The biggest winners should be G-10 countries with enough cyclical momentum to justify rates hikes this year (NZD) or in early 2015 (GBP), plus emerging markets with stronger external positions (ILS, MXN, CNY, KRW)."
Key Quotes
"The biggest losers in 2014 should be currencies of G-10 countries where central banks are easing or could do (JPY, AUD, SEK, EUR); and emerging markets where external positions are poor and financing dependent on bond market inflows (IDR, MYR, BRL, CLP, TRY,ZAR)."
"The biggest winners should be G-10 countries with enough cyclical momentum to justify rates hikes this year (NZD) or in early 2015 (GBP), plus emerging markets with stronger external positions (ILS, MXN, CNY, KRW)."