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The presence of so many bearish bets is a classic contrarian signal that all the bad news may be in the price.Secondly, foreign-exchange markets are an "ugly contest" in which traders and investors have to pick the least-worst currency.
Vulnerable Rupee The rupee is the worst performing currency in Asia.
Sterling was the worst performing currency in the world last month.
The Russian rouble's precipitous decline this week means it now has the dubious distinction of being the world's worst performing currency.
Bloomberg reported on 8 July that the pound had overtaken the Argentinian Peso to become the world's worst performing currency in 2016.
(The Hungarian pengö suffered the worst known currency collapse to date, going from an exchange rate of thirty-three thethe U.S. dollar in 1944 to four hundred and sixty septillion a trillion times a trillion to the dollar two years later).
Ukraine's hryvnia is the world's worst performing currency.
So, to paraphrase Churchill, out of all the elements, gold makes the worst possible currency.
The rupee has also been the worst performing currency in Asia this year.
It also expects the rupee, Asia's worst performing currency this year, to sink to 72 per dollar within six months.
The rupee is the worst performing currency in Asia, but it jostles with the Brazilian real and the South African rand for the worst performer in the world this year.
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