🕶Happy Friday!
Did you know that the Thai Baht is currently the most overvalued currency in the world, according to a model of Deutsche Bank?
Among Forex majors, the NZD is the most expensive and the CAD is the cheapest.
The rule of investors is to sell the expensive currencies and buy the cheap ones (buy low and sell high! ). According to this logic, it’s necessary to invest in CAD and be cautious with long positions in NZD. Notice that models like these are used for long-term, not the short-term predictions. This is surely something to think about!
Did you know that the Thai Baht is currently the most overvalued currency in the world, according to a model of Deutsche Bank?
Among Forex majors, the NZD is the most expensive and the CAD is the cheapest.
The rule of investors is to sell the expensive currencies and buy the cheap ones (buy low and sell high! ). According to this logic, it’s necessary to invest in CAD and be cautious with long positions in NZD. Notice that models like these are used for long-term, not the short-term predictions. This is surely something to think about!