Strongest currencies:
-US dollar (USD): Favored by the Federal Reserve's monetary policy.
-Australian dollar (AUD): Benefited by China's economic growth and commodity prices.
-Swiss franc (CHF): Favored as a safe haven.
-New Zealand dollar (NZD): Benefited by commodity prices and China's economic growth.
Weakest currencies:
-Japanese yen (JPY): Weakened by the weakness of the US dollar.
-Euro (EUR): Weakened by geopolitical uncertainty.
-Pound sterling (GBP): Weakened by geopolitical uncertainty.
-Mexican peso (MXN): Weakened by geopolitical uncertainty.
Please note that the fundamental strength or weakness of a currency can change over time. It is recommended to perform an individual analysis of each currency before making any investment decision.
Here are some additional factors to consider:
Diversification of foreign exchange reserves: Central banks are diversifying their reserves away from the US dollar.
Risk of a global recession: Global economic uncertainty could weaken currencies.
Fiscal policy: Government fiscal policies can affect the outlook for currencies.
-US dollar (USD): Favored by the Federal Reserve's monetary policy.
-Australian dollar (AUD): Benefited by China's economic growth and commodity prices.
-Swiss franc (CHF): Favored as a safe haven.
-New Zealand dollar (NZD): Benefited by commodity prices and China's economic growth.
Weakest currencies:
-Japanese yen (JPY): Weakened by the weakness of the US dollar.
-Euro (EUR): Weakened by geopolitical uncertainty.
-Pound sterling (GBP): Weakened by geopolitical uncertainty.
-Mexican peso (MXN): Weakened by geopolitical uncertainty.
Please note that the fundamental strength or weakness of a currency can change over time. It is recommended to perform an individual analysis of each currency before making any investment decision.
Here are some additional factors to consider:
Diversification of foreign exchange reserves: Central banks are diversifying their reserves away from the US dollar.
Risk of a global recession: Global economic uncertainty could weaken currencies.
Fiscal policy: Government fiscal policies can affect the outlook for currencies.