Morgan Stanley analyst Charles Rubenfeld released a report this week focusing on the current forex environment. The report included the most recent currency scores on the firm’s FX Positioning Tracker.
The Numbers
According to this week’s tracker, the Swedish Krona (SEK) is the top currency to own at the moment, but the tracker is also currently bullish on the U.S. dollar (USD), the Norwegian krone (NOK) and the British pound (GBP). The only two currencies that registered a bearish score this week were the euro (EUR) and the Canadian dollar (CAD) , both of which registered a tracker score of -3, barely inside the “short” rage.
The Breakdown
In terms of the score components, several currencies showed…
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