In my Sunday evening (GMT) 'Stories we should be interested in' post (see link here) one of the charts I cited was this one on emerging market currency movements during last week:
What a big - and divergent - week it was.
If the above chart is a classic 'voting machine' insight, the below chart is a 'weighing machine' one looking at value via the purchasing power parity theory based on the price of Big Macs globally. Some interesting views below, especially on volatile currencies last week such as the South African Rand or the Indonesian Rupiah. Food for thought.
Otherwise, what strikes me is the relative lack of differential between some of the major currency crosses. I still believe that European economic issues suggests the Euro should be weaker versus the US Dollar (akin to the Yen).
Finally, an interesting chart from today's Financial Times concerning the oil companies and their lack of exploration expenditure value-add. I am slightly amazed that these statistics could even be calculated given the long-term (and long payoff) nature of investments in the energy sector, but whether the big oil/gas companies can break out of this malaise (as noted last quarter here on this site) is important for both the sector and markets (given their high weightings) alike. A number will be reporting this week to help provide insights.