Thought Leadership

Multicurrency Commentary 4th Quarter 2011

January 25, 2012

The safe haven dollar rally that dominated much of 2011 faded as the world embraced the “risk on” trade with renewed vigor. During the 4th quarter oil surged, equity markets rallied, and the US dollar began to lose value.  Though the Federal Reserve Majors Index fell in value for the period, performance varied greatly across the major currencies and reflected the shift in market sentiment towards recovery and growth, and away from decline and global recession.