A quick overview of where the strength and weakness is and is likely to be
Its from BoA / Merrill Lynch, via eFX
If for a moment we ignore the latest market turmoil and look at the data
and relative value, the commodity and high beta currencies in G10 seem
to be cheap. Australia and Sweden have the most positive data surprises
in G10 (Chart 7). Norway has the highest inflation rate (Chart 8). CAD
and NOK are the most undervalued G10 currencies, while USD and CHF the
most overvalued (Chart 9; for methodology see Finding Equilibrium)