Oppenheimers 2012 Outlook:JPY,USD up,Euro down.

Oppenheimer's Currency Opportunity Fund (OCOAX) manager, Alessio de Longis, says the Japanese yen will do well next year because of its nation's role as a net creditor to the world. The safe-harbor US dollar will naturally benefit amid ongoing global uncertainties and the euro will be battered by its continent's debt crisis. Longis notes that the euro is ending the year on par with where it started off 2011. As for emerging-market currencies, while OppFunds likes locally denominated emerging-market debt, they're hedging a "large part" of those exposures. They're particularly wary of Eastern European currencies and the South African rand, which will be exposed to the euro-zone's deleveraging process.


Sources:Dow Jones Newswire.