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💶Euro Unseats JPY As Most Undervalued In G10: Cable FX Macro

**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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