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Why the Australian dollar is the world's riskiest currency
Assuming that the world’s riskiest currency is attached to an unstable emerging economy seems like a reasonable guess. It’s actually far off the mark. The world’s most volatile currency is part of the G-10, the world’s 10 most powerful economies. It’s the trade fear-battered, high-beta Australian dollar, according to RBC. “The chart shows the Australian dollar now trading as a risk proxy against 70% of emerging market currencies we looked at and neutral against the other 30%,” wrote Elsa Lignos, RBC Capital Markets’ head of FX strategy. “Possible reasons are the source of much of the current risk: ... (full story)
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