No … I am not talking about the retail brand FX creations.
I just wish to do a quick compare against my hypothesis last week. I believe the Aussie & Kiwi have strengthened somewhat against the SGD. However, the CNY seemed to have taken a turn for the worse. I suspect it is due to the Chinese Central Bank deliberately depreciating the CNY to drive its export competitiveness.
Source: www.oanda.com
Kiwi strengthened 1.7% & the Aussie strengthened 2.2% against SGD in one week. However, the CNY bet did not pay off as it depreciated 0.7% against the SGD.
CAVEAT EMPTOR
