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2 Jan 2015
FX outlook for 2015 – Scotiabank
FXStreet (Barcelona) - Camilla Sutton CFA, CMT, Chief FX Strategist at Scotiabank, shares the FX outlook for 2015, anticipating broad USD strength to create a pattern similar to 2014 among the majors.
Key Quotes
“In 2014, NOK and SEK were the worst performing primary currencies, losing 18% each; followed by JPY and EUR, who lost 12% and then the commodity currencies of AUD and CAD who lost just over 8% each, leaving GBP as the outperformer, having lost just 6% against the USD but gaining ground against all the other majors.”
“Looking out to 2015, we expect broad USD strength, with a similar pattern among the majors, where EUR and JPY lose the most ground, and GBP weakens against the USD but outperforms both EUR and JPY. AUD and CAD are likely to continue to weaken.”
Key Quotes
“In 2014, NOK and SEK were the worst performing primary currencies, losing 18% each; followed by JPY and EUR, who lost 12% and then the commodity currencies of AUD and CAD who lost just over 8% each, leaving GBP as the outperformer, having lost just 6% against the USD but gaining ground against all the other majors.”
“Looking out to 2015, we expect broad USD strength, with a similar pattern among the majors, where EUR and JPY lose the most ground, and GBP weakens against the USD but outperforms both EUR and JPY. AUD and CAD are likely to continue to weaken.”