The Australian Dollar (Aussie) and the Canadian Dollar (Loonie) are often referred to as the "commodity dollars," and are seen in this period of commodity strength as favorable to own.
The Aussie has been a superior choice in the past 12 months. It has a greater senstivity to China's economy than the Loonie, which is more geared to the U.S. economy.
As of late, the Aussie has outperformed the S&P 500 (SPY) as well as the BarCap U.S. Aggregate Bond index (BND).
Click to enlarge
Disclosure: We hold SPY and FXA in some but not all managed accounts as of the publication date of this article.
Disclaimer: This article provides opinions and information, but does not contain recommendations or personal investment advise to any specific person for any particular purpose. Do your own research or obtain suitable personal advice. You are responsible for your own investment decisions. This article is presented subject to our full disclaimer found on our site available here.
No comments:
Post a Comment