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12-23-2013, 02:51 PM
Here's a great chart from M&G Investments (http://www.bondvigilantes.com/blog/2013/12/23/the-year-of-the-snake-2013-returns-in-fixed-income-markets/?source=twitter) showing how all the world's big currencies did against the dollar this year.
The Argentine Peso as a major gainer is **t what you'd expect to see. On the other hand, the big losers are **t surprising at all. Japan has engaged in aggressive monetary and fiscal easing, and then the rest are those emerging market eco**mies that have been crushed.
http://static1.businessinsider.com/image/52b819b66bb3f7490e3fafa6-800-/looking-back-major-currencies-performance-vs-usd.png
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The Argentine Peso as a major gainer is **t what you'd expect to see. On the other hand, the big losers are **t surprising at all. Japan has engaged in aggressive monetary and fiscal easing, and then the rest are those emerging market eco**mies that have been crushed.
http://static1.businessinsider.com/image/52b819b66bb3f7490e3fafa6-800-/looking-back-major-currencies-performance-vs-usd.png
Join the conversation about this story » (http://www.businessinsider.com/performance-of-major-currencies-in-2013-2013-12#comments)
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