In April 2016, we published From Dollar Dominance to Divergence, a resource to help investors understand the behavior of currencies by presenting analysis of historical currency momentum, valuation, and fundamentals in five key base currencies: US dollar (USD), British pound (GBP), euro (EUR), Swiss franc (CHF), and Japanese yen (JPY).

This chart book provides updated analysis and commentary on four additional currencies—Australian dollar (AUD), New Zealand dollar (NZD), Canadian dollar (CAD), and Singapore dollar (SGD)—to help investors understand how these nine currencies behave against other major currencies. For more on developing a currency-hedging policy, please see our 2016 report, Strategic Currency Hedging Policy: A New Framework.