But probably more likely, if you invest in any sort of global portfolio, be it in fixed income or equity, it is highly likely that the portfolio uses an FX benchmark to weight the components across different markets, generally the London 4pm set of foreign exchange benchmarks calculated by the WM Company.
So far, the upswing is set to continue in Europe and Asia, and the outlook is also positive for Africa and Latin America. Oil prices have risen strongly in recent months and have put a damper on growth prospects while also adding to inflationary pressures.