Orient Harvest Fund strongly buys into bulk commodity currencies, believing that they stand in an impregnable position.
Orient Huarui is stockpiling currencies closely related to commodity prices, believing that whether the next phase of the Middle East conflict escalates again or moves towards peace, they are safe choices. Andreas Koenig, the global foreign exchange director of the company, said that it is still unclear how and when the Iran conflict will end, so he is buying currencies of commodity-exporting countries such as Brazil, Mexico, Colombia, Australia, and Norway. "If the crisis is resolved, investors will engage in high-risk preference trades, and these high-beta currencies will benefit," he added. High-beta currencies are currencies that often appreciate when investors are willing to take risks. Koenig said in an interview that although investors may feel uneasy if the conflict escalates, these currencies "might be negatively affected," but "their performance will still be better than the currencies of countries that have to spend money importing commodities."
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