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4
JUN 10

Another Fun One




“Over the years, New Zealand financial management, in particular the central bank, has been outstanding,” Loomis’ Fuss said. An independent central bank “is a tremendous asset to a country and for investors. New Zealand’s got it,” he said.

Guess what Loomis Fuss does for a living?

Average daily trades in New Zealand’s currency amount to about 43 percent of the nation’s gross domestic product, according to Bloomberg calculations using the most recent data from the Bank of International Settlements. That’s the biggest proportion among the 16 most-traded currency pairs, just above the level for the Swiss franc.

http://www.bloomberg.com/apps/news?pid=20601080&sid=avbWVDmHK8MA

Shame we can't say the same about the trade exposed economy.

 


 


tags: currency trading, gnp to daily trades, central banks
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