💶Euro Unseats JPY As Most Undervalued In G10: Cable FX Macro
- Rosbel Durán
- Oct 5, 2022
- 1 min read
**As seen in Macro Walk report 09/30/22, subscribe at cablefxm.co.uk/reports
Looking at REER indexes built by the Bank of International Settlements, we rank currencies by Z-score using a 3-yr history
By this metrics, the euro is now the most undervalued currency in the G10 basket, dethroning the yen which has kept this place over the last months
It is interesting to see where the GBP is left after it tested record lows to the dollar. However, the sterling REER index is still in a better position relative to the last couple of years
The dollar remains as the most overvalued currency in the group, followed by the CAD
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