Scoop has an Ethical Paywall
G10 fair value update: Scandies And Swissie cheap
G10 fair value update: EUR and USD fair, Scandies and Swissie cheap
Click here for the full Note
and disclosures.
• The fair value exchange rates of the core and high-beta G10 currencies are diverging, with government debt weighing down G-3 and GBP fair values, while high-beta FX fair values are rising.
• Real exchange rate misalignments have narrowed markedly and steadily, but the elimination of G10 mispricing vs the USD has been more erratic.
• USD, EUR, CAD, AUD and CHF are close to fairly valued. GBP, NOK and SEK are cheap, while JPY and NZD are rich, to their long-term drivers.
• Long-term valuations and cyclical/policy drivers suggest NOK, SEK, AUD, CAD, and CHF outperformance against NZD and JPY.
ENDS
Advertisement - scroll to continue reading
University of Auckland: Kids’ Screen Use Linked To Long-Term Deficits In Self-Control And Attention
University of Auckland: Research To Address Equity In STEM For Māori, Pacific And Female Students
Stats NZ: Economic Impacts On New Zealand From Conflict In The Middle East – Report
Advertising Standards Authority: ASA Annual Report 2025 - Platform-Neutral Regulation Keeps Pace With Digital Advertising
Science Media Centre: Lead Pipes Banned For New Plumbing – Expert Reaction
New Zealand Young Physicists Trust: Auckland To Host The ‘World Cup Of Physics’ In 2027; Search Begins For Student-Designed Tournament Logo
