Like New Zealand’s recent cricketing exploits, the economy is also breaking long-time records. The latest news of extreme, was in this morning’s Overseas Trade Indexes. These showed the nation’s merchandise terms of trade increased to its highest in at least 40, verging on 153, years. Yet, at the risk of sounding like another record – a broken one – we note the OCR remains at record lows. It’s extraordinary.
Read the full report: FX Research
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