Should sell for AUD hedge against rising volatility.
Volatility of the currencies of the Big Ten has fallen to lows not seen since before the crisis. According to Sebastian Ghali, strategist at Societe Generale, to blame rate monetary policy set near zero in the U.S., Eurozone, UK and Japan.
"It is good for emerging market currencies and stocks, but the dynamics of exchange Big Ten is a little help," - he says. Over the past months, the most winning Big Ten currencies were the Australian and New Zealand dollar, Australian dollar and selling - is the best hedging strategy against the bad news out of China, and against the increased volatility, the bank said.
Volatility of the currencies of the Big Ten has fallen to lows not seen since before the crisis. According to Sebastian Ghali, strategist at Societe Generale, to blame rate monetary policy set near zero in the U.S., Eurozone, UK and Japan.
"It is good for emerging market currencies and stocks, but the dynamics of exchange Big Ten is a little help," - he says. Over the past months, the most winning Big Ten currencies were the Australian and New Zealand dollar, Australian dollar and selling - is the best hedging strategy against the bad news out of China, and against the increased volatility, the bank said.