➖➕ FX Spot Beta to Nasdaq

• Our selected list of FX rates showed the NOK and AUD with the most sensibility to the Nasdaq 100 Index over the last 5-months. The positive beta means that these currencies tend to respond positively to gains in the index. The opposite can be said about the yen and the dollar, and to a lesser extent, the euro. These currencies posted negative sensibility to the Nasdaq index, meaning that USD and JPY tend to see gains when the index trades lower.