Barclays Wealth: 'Safe haven' currencies weakening

Risky currencies are in recovery while 'safe haven' currencies have begun to weaken, according to res...

Risky currencies are in recovery while 'safe haven' currencies have begun to weaken, according to research from Barclays Wealth. The group's FX strategist Michael Sneyd said: "Despite a flow of weak economic data and equity markets ending last week lower than they began, currencies perceived as risky, such the commodity currencies and emerging market currencies, strengthened while 'safe haven' currencies weakened. "The FX market appears to have been driven last week by currencies retracting some of October's large moves. However, as both the macroeconomic and corporate news flow is likely...