
The undervalued currencies lurking in europe
- Select a language for the TTS:
- UK English Female
- UK English Male
- US English Female
- US English Male
- Australian Female
- Australian Male
- Language selected: (auto detect) - EN
Play all audios:

Norwegian flag Danita Delimont | Gallo Images | Getty Images Now that the European Central Bank has tamped down disaster fears, a few currencies are poised to shine. That long-term
refinancing operation sure settled things down in Europe. From worries about a disorderly default in Greece, traders' attention quickly shifted to just how well the different European
currencies will fare. One thing is clear, say the strategists at Barclays Capital: the euro itself will not be the star. The single currency used to rally when risk appetite was improving,
but "the actions of the ECB have broken the link between the EUR’s performance and global risk appetite," they say. So where are the opportunities? Up north, apparently. The BarCap
strategists have ranked the European currencies based on their correlation with oil prices, their carry compared to the euro and other factors. The Swedish krona , Polish zloty , and
Norwegian krone top the list. On the flip side, the strategists say, are lower-yielding currencies like the euro or the Swiss franc . To trade this approach, THE BARCAP STRATEGISTS SUGGEST
SELLING THE SWISS FRANC AGAINST THE NORWEGIAN KRONE, ENTERING AROUND 6.336 WITH A STOP AT 6.437 AND A TARGET OF 5.880. ---------------- CURRENCY FUTURES _TUNE IN: CNBC's "Money in
Motion Currency Trading" airs on Fridays at 5:30pm and repeats on Saturdays at 7pm. _ _LEARN MORE: The essential vocabulary for currency trading is on Key Terms Dictionary. Top currency
strategies are broken down for you in Currency Class. _ _TALK BACK: Tell us what you want to hear about - email us at [email protected]_._