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Which Currencies Won and Lost in 2008?
Wednesday, 31 December 2008 19:56:07 GMT
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The US dollar gained versus most of the major currencies during 2008 as the greenback joined the ranks of the world's safe-haven assets...
Source: Bloomberg
...but the Japanese yen proved to be the biggest beneficiary of risk aversion over the past year, leaving the currency as the strongest in 2008. On the flip side, a rapid turn in interest rate expectations for the Bank of England and signs of a deep recession in the UK have lead the British pound to take the biggest hit against both the US dollar and Japanese yen.
Source: Bloomberg
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