These Are The Best And Worst Performing Currencies Since Trump Took Office

Needless to say, I've spent a fair amount of time talking about currencies this year.

As noted, I'm thoroughly convinced that geopolitical turmoil will play havoc across FX markets in 2017.

Just look, for instance, at the British pound, which Deutsche Bank believes may become “irrelevant” going forward thanks to the impact of Brexit.

And then there is of course the beleaguered Turkish lira which is at the mercy of an increasingly unhinged Recep Tayyip Erdoğan who likes to play rates strategist when he's not busy arresting members of the media and/or academia.

And who can forget China, where the yuan's fortunes depend on a precarious mix of Trumpspeak and Beijing's desire to project stability.

Oh, and the euro which is largely beholden to upcoming elections in France and Germany.

And what about the Mexican peso, which can collapse further at any time, depending on what Donald Trump decides to tweet.

And on, and on, and on.

Well in light of all that, I thought the following chart from Suisse would be useful as a handy reference guide to look back on in six or so months. This is how various currencies have performed since the inauguration.

currencies

(Credit Suisse)

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