FXStreet (Guatemala) - Kit Juckes, economist at Societe Generale explained that 2016 has started with a bang, though the trends are extensions of those from last year - falling commodity and especially oil prices, and concerns about the ability of Chinese policymakers to control the pace of renminbi adjustment. Key Quotes: "Further capital flows out of emerging markets and a bigger downward adjustment in Asian currencies relative to the yen and dollar are the major risks. Oh, and then there is the ‘Brexit' risk too." "Long JPY, USD and CAD, versus shorts in KRW, GBP and NZD look appealing. My collagues are pretty rude about my flirting with the CAD. Some clients have been too. Olivier likes the correlation and wants to use it as a hedge against an even bigger fall in oil prices." "The Quant guys, who's only longs are in USD, JPY and a tiny SEK long, are happy to stay short CAD. But it can't be this cheap for that long with such a big border to the US. It just can't. If you think it CAN, for longer than I can stay in the trade, stick with short KRW/JPY and short GBP/USD." For more information, read our latest forex news.