All the central bank stimulus is turning investors away from safe havens and toward riskier currencies, giving this strategist a plan.
It's almost as if the central banks in key economies were singing from the same hymnal, what with the giant stimulus moves in the U.S., Europe and Japan. Ray Dalio, the hedge fund titan, even called the rate-cutting strategies an ugly contest for the countries' safe haven currencies.
But that said, the stimulus moves have currency investors getting a little gung ho. And that's giving Amelia Bourdeau, director of foreign exchange at Westpac Institutional Bank, an idea.
Risk sensitive currencies have been getting a boost from all the global policy stimulus, she says. In fact, "it's hard for them not to be supported."
That's why Bourdeau told CNBC's Melissa Leeshe would "like to be long a commodity currency to take advantage of this risk seeking move." Specifically, she's looking at the New Zealand dollar.
