advises
Barclays Capital
Consider selling AUD, and NZD against the CAD this week,
"G-10 commodity currencies face the unfavorable combination of
falling commodity prices, lower global demand and high volatility. Our Dutch
Disease analysis suggests AUD and NZD are most vulnerable. Both
countries have large net foreign debt obligations and have experienced the
greatest deterioration of their manufacturing sectors, only partially offset by
high labour mobility/efficiency, Barclays says as a rationale behind this
call.
