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Sovereign Wealth Funds Briefing - Categorized | Reserve Currencies

Commodity currencies good for FX reserve pool

Posted on 17 June 2009

From Reuters: Countries seeking to diversify the pool of assets in their foreign exchange reserve portfolio should consider including commodity currencies to the mix, Barclays’ chief currency strategist, Steven Englander, said on Tuesday.

Commodity currencies including the Australian, Canadian and New Zealand dollars, whose values are strongly linked to the export of certain raw materials, offer protection against commodity price shocks and also do not face the risk of falling interest rates, Englander said……..Full Article: Source


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