I’ve been looking at foreign currencies as a dollar hedge and it led me to this map. IMO: (1) Highly democratic nations are more likely to govern by rule of law and therefore better respect property rights. (2) Democracies are better suited to having strong independent central banks which should bode well for their currencies.
Just one source, but seems to be in agreement with others I’ve seen.
Currency etfs I’ve considered: FXA, UDN, FOXY, FXY. Already own FXF. Thread will likely end up in
off-topic if investment related comments expire or cease to exist.