Aussie, Kiwi and Loonie are among largely traded commodity currencies. Aussie has positive correlation to Gold.
Kiwi is highly affected by dairy prices while Loonie tags oil prices. With RBNZ and RBA paying 2.5% and 2% interest respectively, these are among high yield currencies.
RBNZ has rate statement coming ...
Markets moves on fear and greed, also called supply and demand.
VIX measures market volatility and some even call it The Fear Index.
When market is greedy, demand for risky assets such as equities exceeds supply (Risk-On)
When market is in fear, demand for safe-haven assets such as gold exceeds supply (Risk-Off)
We believe the Dollar still has room to sky up. BoJ and ECB easing will support Dollar buying in the interim.
In the medium to long term, 6 - 12 months down the road. we expect the Yen to regain control as market turmoil exacerbate