The following are the latest signals from BNP Paribas (PA:BNPP) FX Momentum which measures the strength of a currency’s trend based on FX price action, rates and equities.
"The USD’s bullish momentum remains close to its highs of the year with a score of 75 on a scale of -100 to 100.
The strongest momentum signals continue to be long USD vs most of the commodity currencies – NOK, CAD and AUD.
The NZD is an outlier in the commodity bloc – its momentum has turned positive due to a stronger currency and equity markets," BNPP notes.