Consider the following three currency pairs: AUD/CNY, AUD/USD and EUR/AUD, where AUD stands for the Australian dollar, CNY is the Chinese currency Yuan, EUR refers to euro, and USD for the US dollar.

Are CNY, EUR and USD performing better or worse than AUD in terms of current global market conditions and future economic prospects? Based on your analysis, construct a capital investment plan including a hedging strategy for Australian multinational corporations (MNCs) operating into these countries, i.e. China, the eurozone and the United States.