Emerging Asia has weathered the global financial crisis relatively strongly, prompting some suggestions that its economy has decoupled from that of the developed world. But speakers at a recent conference said the region’s well being remains strongly influenced by the fate of advanced countries. IMF Survey Magazine
It’s understandable that forex investors basically ignore New Zealand. Its economy is around 10% the size of its neighbor Australia, its currency is less liquid, and spreads are higher. Given that its performance closely tracks the Australian Dollar, meanwhile, why pay it any attention? To be sure, the new currencies from Down Under trade in [...]