BREAKING: The Canadian dollar is flying after reports that Prime Minister Trudeau is to announce resignation as early as Monday
Source: Reuters, Bloomberg
USDollar is now the most overvalued in history according to Bank of America.
Bank of America uses a "behavioral equilibrium exchange model (BEER)", an economic concept used to estimate the equilibrium exchange rate of a currency based on fundamental macroeconomic factors and behavioral relationships. BEER models derive the equilibrium exchange rate from observable economic fundamentals such as Terms of trade, Productivity differentials, Net foreign assets, Interest rate differentials and Trade balances Source: Barchart
This is EM currency performance versus the Dollar in 2024. The 3 worst performers are: (i) Argentina's Peso; (ii) Brazil's Real; (iii) Russia's Ruble.
Source: Bloomberg, Robin Brooks
BREAKING 🚨: Russia
Russian Ruble plunged 5.62% against the U.S. Dollar on Friday, its 2nd largest loss of the year Source: Barchart
BREAKING 🚨: China
Chinese Yuan plunges to its weakest level against the U.S. Dollar in more than 12 months Source: Barchart
BREAKING 🚨: Brazil Brazilian Real has collapsed to an all-time low against the U.S. Dollar
Source: Barchart
The Russian Ruble has fallen 71% against the US Dollar over the last decade
Source: Visual Capitalist
Which assets are most correlated to the USD?
The U.S. dollar (USD) has weak correlations with major U.S. equities like the S&P 500 and Apple 💵 Source: @OANDA and Visual Capitalist https://lnkd.in/eFccw27e
