Terms of trade

Perhaps the most basic fundamental analysis of a currency pair relates to international commerce. After all, the reason a person would need a foreign currency is to buy something in that foreign country, and vice versa. Of course in the…

The RBNZ Governor Wheeler gave a speech last week in Auckland where he defended the RBNZ’s policy decision to keep interest rates steady. He said that there were significant downside risks to the outlook for the global economy, especially…