Currencies Likely To Reflect Countries’ Pandemic Strategy Success

During the height of the pandemic-induced market turmoil in March, currencies performed mostly according to how they moved with equities – their equity beta, or how risk-on or risk-off they were. That is now changing. Increasingly, currencies will start to reflect how well countries are dealing with the coronavirus pandemic. We look at which currencies could benefit from that dynamic.
Each currency can be placed on the spectrum between risk-on (cyclical) and risk off (defensive). Risk-on curren…

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