MyPlanIQ tracks trends in multiple categories using ETFs.
Most Currencies are up -- The Australian Dollar lead at the top continues to shrink as it slowly declines and the Peso continues its rise. The Krona jumps back into third spot having lost it for a week and the Yen tumbles three places.
At the bottom, the US Dollar and the pound jumped over the Yuan but the Real and Euro remain mired at the bottom of the table.
with all of the currencies in the bottom half showing some signs of improvement -- the exception being the Euro which is still sinking.
|Assets Class||Symbols||01/14 |
|G10 Carry Trade||DBV||2.03%||1.05%||^|
|US Dollar Bearish||UDN||0.84%||-1.99%||^|
The Australian Dollar is being a force of nature -- flooding and a force of economics -- rising inflation in China that leads to anti-inflation measures that also have a downward pressure on their currency. This is likely to be in play for a few more weeks yet so expect some continued easing of the recent highs.
The Mexican Peso continues to rise based on strength in the US and being well placed to produce the goods (cars, TV's) that are seeing growth. There is some concern with its link to the weaker dollar.
With record growth, healthy public finances, booming exports and a soaring krona, Sweden has skirted Europe's debt woes, but with a worried eye on the aching eurozone observers say it could be rougher sailing ahead. "Crisis? What Crisis," was the headline used last week by a local newspaper reporting that only 20 percent of Swedes say they are at all affected by the ongoing European debt crisis.
The Euro jumped as Analysts said investors were optimistic the European Union's rescue fund will ultimately offer a comprehensive solution to help euro zone countries finance mounting debts.
The Yuan is still mired in concerns about its value and the pressure of inflation within China. It's an up and coming currency but still has a way to go.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.