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As Commodities Rally Slows, FX Investors Get Creative -- Market Talk

5 Mar 2017 11:04 pm

2304 GMT [Dow Jones] For most of this year, investors piled into currencies of commodities exporters like Australia or Brazil, as prices rose for everything from copper to wheat. Now, many of those rallies are slowing or reversing on renewed signs of U.S. dollar strength. Many currency investors are shifting to more creative trades. A current favorite: AUD/NZD. Because global growth is likely to be driven by investments in infrastructure, such as those promised by U.S. President Donald Trump, Australia "will be a stronger beneficiary...compared to New Zealand," says Nader Naeimi, a Sydney-based portfolio manager at AMP Capital, which manages more than 165 billion Australian dollars (US$124.95 billion). AUD/USD was last 1.0793. (rachel.pannett@wsj.com; @rachelpannett)

(END) Dow Jones Newswires

March 05, 2017 18:04 ET (23:04 GMT)

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